Employers are continually looking for ways to preserve employee health benefits without breaking the bank. Many have begun to utilize the concept of consumer-driven healthcare, which shifts more of the responsibility for health-spending choices onto the patient. Consumer-driven health plans strive to educate employees and encourage them to become more involved in the healthcare decision-making process.

The Benefits Group will help in the education, implementation and service of a variety of consumer driven healthcare options including Health Savings Accounts (HSAs) and Health Reimbursement Accounts (HRAs).

Cafeteria plans are another way that employers can boost employee benefits. These plans allow expenses which are not covered under basic health insurance to be covered under basic rather than on an after-tax basis. Items such as group insurance premiums, deductibles, coinsurance, dental charges, physical exams and eyeglasses can be paid for without incurring a tax liability. The IRS allows childcare expenses to be treated in the same manner.

The use of consumer-driven healthcare options and cafeteria plans will assist employers to recruit, retain and reward their employees in the ever-evolving world of employee benefits.

Group Insurance | HSAs, HRAs & Cafeteria Plans
Executive Benefits and Business Insurance | Personal Insurance