Show existing and future plan members that you care about their health and well-being. Enhance your group insurance plan by offering a health spending account or a wellness account.
Health spending account (HSA)
An HSA is a great way to enhance your group insurance plan. It also gets plan members more involved in planning and managing their expenses, so they’re more aware of how much healthcare actually costs.
Benefits for your organization
- More predictable plan costs
- Simplified plan management
Benefits for your employees
- Personalized coverage based on their needs
- Ability to cover a wider range of healthcare expenses
- Access to credits that can be used to cover deductibles and coinsurance amounts
Wellness account
A wellness account is an account your employees and their eligible dependents can use to pay for wellness-related activities and services. Every year, you add credits to your employees’ accounts. It’s a holistic approach to wellness that encourages employees to take care of their health and well-being.
Benefits for your organization:
- It adds flexibility to your group insurance plan.
- It helps your group insurance plan meet the various needs of employees of all ages.
- It gives employees more control over their overall health and wellness.
- It helps attract talent, build employee loyalty, develop a sense of belonging, and reduce absenteeism.
- It improves your total compensation package.
- It doesn’t involve any major change to your group insurance plan costs, because all you’re responsible for is the number of credits allocated.
Benefits for your employees
- It increases the range of benefits covered by their group insurance plan.
- It gives them greater flexibility in their eligible expenses so they can make choices that best suit their needs and those of their family.
- It lets them customize their group insurance plan based on their specific needs.
- It encourages them to be more involved in managing their healthcare expenses.