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.” — Benefits executive at a financial services company They viewed their companies as paternalist, meaning they have a responsibility to also help their workers make better health insurance decisions. Doing it incorrectly, such as not funding the accounts with enough money, could open your organization up to fines.
While these higher deductibles are offset by cheaper monthly medical premiums and often by employer contributions to HealthSavingsAccounts (HSA), HDHP plans are nevertheless structured in such a way as to promote heightened "healthcare consumerism.". Manufacturer coupons and rebates. Product substitutions. Bulk buying.
But the principle also applies if employees have flexible spending accounts or healthsavingsaccounts. They can’t put in for reimbursements for the test kits they otherwise get for free or are reimbursed for through their group health plan. Nor should they want to. One safe harbor, two options.
First, most non-grandfathered group health plans and health insurance issuers offering non-grandfathered health insurance coverage in the individual and group markets will be required to disclose personalized price and cost-sharing information to participants, beneficiaries and enrollees (or their authorized representatives).
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