Consumer directed health plans are designed to provide a greater level of control over health care dollars. These plans are commonly identified by the type of savings accounts associated with them –
Consumer directed health plans focus on planning for health spending. This may help minimize the tax impact and allows for careful tracking of health care spending.
HDHPs with HSAs are becoming a popular type of consumer directed health plan in Wisconsin. HDHPs offer health insurance coverage featuring a high deductible. These HDHP plans are linked to HSA accounts. With an HSA, you can save money by using pre-taxed dollars to help pay your deductible. You can also pay other qualified out-of-pocket costs with money from your HSA. Learn more about high deductible health plans and determine whether one may be the right choice for you.
Benefits of HSAs –
HRA accounts are consumer directed health plans that are set up by your employer. Deposits to the account are made by your employer only. HRAs are designed to reimburse your qualified medical expenses.
Benefits of HRAs –
FSAs are another type of consumer directed health plan your employer sets up for you. With FSAs, the money contributed to your account must be used by the end of the year or you may lose it.
Benefits of FSAs –
Think a consumer directed health plan may be the right choice for you? Unity offers several individual HSA plans in Wisconsin. Get a quote for an HSA health plan today or call us Monday through Friday from 7 a.m. to 7 p.m. at 608.644.3430.
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Quartz Health Solutions, Inc., Unity Health Plans Insurance Corporation, Gundersen Health Plan, Inc., Gundersen Health Plan Minnesota, Physicians Plus Insurance Corporation, Gundersen Health System, UnityPoint Health and UW Health are separate legal entities. Plans are underwritten by Unity Health Plans Insurance Corporation unless otherwise noted.