News Ticker

HSAs Give Employees Incentives To Adopt Financially Healthier Behaviors

By Cyril Tuohy, InsuranceNewsNet

JULY 13, 2014 – Financial advisors scheduling appointments for midyear check ups with clients might want to have them consider a health savings account (HSA) over the health reimbursement arrangement (HRA).

HSAs, which are offered only to people with high deductible health plans (HDHPs), are more likely to influence employees to engage in cost-conscious behaviors related to the consumption of health care services, according to new research from the Employee Benefit Research Institute (EBRI).

“The data show that those with an HSA were more likely to respond to health pricing than were those with an HRA,” said Paul Fronstin, director of EBRI’s Health Research and Education Program.

CONTINUE READING FULL STORY …

Source: http://insurancenewsnet.com/innarticle/2014/07/02/hsas-give-employees-incentives-to-adopt-financially-healthier-behaviors-a-525620.html#.U7_3VrH1v7E

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: