Defined Contribution Health Plan Update
1 hour 30 minutes
Gain an understanding of the different spending accounts and which one is compliant and best for your organization.
Consumer Directed Health Care plans are becoming more prevalent in the group health care market, spreading into the individual health care market as well. Over the past few years there have been several variations of spending accounts that can be made available to an employer’s employee group. The rules and types of plans can quickly become confusing and wrong decisions made unless there is an understanding of the types of spending accounts and what can and cannot be implemented. Once that decision is made, communicating the plans to a group of employees can become complex and hard to communicate in a way that is acceptable to a group of employees. The goal of this topic is to help sort through the options and apply them to your organization.
• You will be able to define consumer directed health plans and types.
• You will be able to describe the differences of the various HRAs now available under the IRS Code.
• You will be able to discuss why CDHPs can save hundreds of thousands or even millions of dollars annually on health care costs.
• You will be able to identify the differences of different spending accounts and which one is compliant and best for your organization.