Such individuals would quickly exhaust a health reimbursement account
and be subjected to sustained, high out-of-pocket costs.
The survey found just 13% of privately insured people were in consumer-driven plans, meaning they were enrolled in a plan with a deductible of at least $1,300 for individual coverage or $2,600 for family, and were also enrolled in a health reimbursement account
. Individuals eligible for health savings accounts, whether or not they were actually enrolled in one, were also counted in the CDHP group.
Northeast Delta Dental, which pays 100 percent of an employee's coverage and 75 percent of family members, offers a Health Reimbursement Account
to fill in the deductibles.
On the topic of another alternative - giving Grimaldi $500 on top of a $250 health reimbursement account
bonus afforded to all classified employees - Councilor Dave Ralston voiced the only dissent at the meeting.
The average enrollment in high-deductible plans that are coupled with a Health Reimbursement Account
increased to 43.2% in 2012 from 34.2% in 2010.
436), which eliminates the provision in the Affordable Care Act (ACA) that prohibits the use of funds from an FSA (flexible savings account), HSA (health savings account), HRA (health reimbursement account
), or Archer MSA (medical savings account) from being used to purchase over-the-counter medications without a prescription.
In an effort to reduce the amount of tax deductions consumers can take in connection with the accounts, PPACA lets consumers deduct use of FSA, HSA and health reimbursement account
(HRA) funds to buy OTC products only if health care providers have prescribed the products.
Of the 639 employers with a traditional plan, about 22 percent offer a non-rollover Health Reimbursement Account
(HRA), where the employer reimburses a portion of the deductible, co-insurance maximum, and/or office/drug co-pays.
Proponents laud the plans, which typically include a high-deductible medical insurance plan and an employer-sponsored health savings account or health reimbursement account
, for offering financial incentives to eliminate unnecessary care and seek lower-cost, higher-quality treatment all together.
RRAs are a form of HRA, or health reimbursement account
. Employers make contributions to the employee's account on a regular basis, and those funds are then available to reimburse qualified health-care expenses in retirement--a kind of deferred HRA arrangement.
Our research examines two broad categories of consumer-directed health plans: (1) health reimbursement account
models, and (2) tiered benefit models.
Those participating in the plan are encouraged to move from a preferred provider organization to a health reimbursement account
, to which the company contributes $1,000 per employee.