The rest of the story

I’ve mentioned consumer directed health plans in passing recently. If you want to learn more about the intricacies of the health insurance market, have a look at InsureBlog, which recently posted a series of articles on HSAs and HRAs. (The intro is here.)

One of the intriguing aspects of the consumer directed health plan movement is that while a lot of the talk has been about Health Savings Accounts (HSAs), which offer employees the ability to build up savings over time, employers have mainly offered Health Reimbursement Arrangements (HRAs), which are more limited from the employee perspective although they often lead to lower out-of-pocket costs.

A drawback to today’s consumer directed plans is the lack of cost and quality information about providers. That’s changing, but slower than it should.

July 12, 2005

One thought on “The rest of the story”

  1. .
    WoW! Thank you for the link, and the plug! I certainly hope that your readers will enjoy it.

    My wife says there are no coincidences, and she may well be right: I just participated in a Webinar (cute, no? It’s a “web seminar”) with one of the more successful individual HSA carriers. I won’t mention its name, other than to note that it rhymes with Sholden Shrule. 😉

    The topic du jour was their new generic co-pay plan, replete with 1st dollar benefits and rx cards. Rah. They did manage to work in that 40% of their new individual sales are HSA. So my question is, if you’re doing so well with those, why even mess with a co-pay plan?

    Never confuse logic and insurance, I guess.

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