Individuals and Small Business
Small to Medium sized employers are financially burdened by the skyrocketing cost of group health care. With rising premiums, many employers are looking to reduce their health care expenditures without sacrificing benefits.
In the past two years, new legislation and regulations have dramatically altered the landscape for health insurance.
Employers finally have an option to end their health insurance nightmare - instead of offering a very expensive one-size-fits-all group policy, they can now offer each employee their own portable, individual or family coverage. By establishing a tax-deductible health reimbursement account (HRA) and/or health savings account (HSA), small business owners are able to reimburse each employee, tax-free, for the cost of not only premium expense but also any qualified medical expense. While the small employer can now fix his annual health insurance liability, the employee can use unspent funds for future medical expenses or save for retirement. This idea will lock-in your health care benefits at today's level, and your employees will have equal or improved benefits.
Beginning in 2006, higher deductible Health Savings Account (HSA) plans are being offered by most major employers - HSAs allow you to choose any medical provider and accumulate hundreds of thousands of dollars tax-free for future medical expenses or retirement.
Prescription Needs Drugs Card allows your members to take their healthcare decisions into their own hands. By offering your members this drug card, you give your member the opportunity to save money on prescriptions. When this voluntary benefit is utilized, members can save up to 85% on prescription medications.
The Prescription Needs program was designed specifically for high-deductible insurance plans and health savings accounts (HSA). When the program is added to these plans, members have the opportunity to save money if they use our home delivery prescription service. Money saved may be reflected in direct out-of-pocket expenses, future healthcare expenses or savings accounts.
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