With costs spiraling out of control, it is vital that Americans find solutions to the health care crisis in the United States. Benefits are becoming an increasingly larger percentage of employers’ compensation costs. As the predominant buyers of health care, U.S. employers have a vested interest and a responsibility to take action to reduce health care costs and improve medical treatment for their employees.
With the advent of consumer-directed health care plans, many organizations are evaluating their health care plan options to realize greater cost efficiencies. While Health Savings Accounts (HSAs) are one option with distinct advantages, these high-deductible health plans may not be the right choice for every employer—or their employees. There is another option to consider: the Health Reimbursement Arrangement (HRA).
Getting started on a new initiative is never easy. Unseen obstacles, unanticipated delays, and unexpected surprises can greet you at every step of the way, making your goals seem further away with each passing day.