 |
|
|
| |
HSA Administration
 Legislated in 2003, Health Savings Accounts (HSAs) provide a new Health Care alternative for employers, and more importantly for individuals. HSAs are tax-favored IRA-type accounts that are offered in conjunction with a High Deductible Health Plan (HDHP) that allow the individuals to pay for certain medical expenses.
While similar to Flexible Spending Accounts, several features makes this type of benefit an attractive offering for employers and employees:
The Account is owned by the individual employee, and therefore any remaining balance will rollover to successive years.
Businesses may focus on covering workers for major medical problems and may eliminate the intermediate care that often excessively affects the claims experience.
There is an impetus for individuals to become more health conscious in order to see their individual accounts grow.
MedSoft Outsource Solutions has successfully implemented this type of program, linking the employer, the "Financial Account Manager", and the claims adjudication process.
Click here to request a quote
|
|
|
|
|
|
|
|
|
|
