HRA & HSA

Convertible Health Plan^SM (our HRA)
Health Savings Account

A new era has evolved that will stabilize and reduce health care costs. This era involves each one of us in the health care buying equation. We are gradually becoming CONSUMERS in this market and will become very good CONSUMERS of health care in the future. Just like CONSUMERS of automobiles, groceries, a home, a job, we obtain the information we need before a purchase is made so we can get the best value for our dollars.

The Lasic Eye Surgery market is a great example of what our health insurance market will look like in the future. Lasic surgery requires:

The consumer pays for the service from their own resources.
Research the providers to determine cost, experience, and outcome.
Location of the provider is sometimes a factor.

By doing so the results are:

The price of Lasic has reduced dramatically over the last 5 years.
The quality of the Lasic procedure has increased substantially.
Bottom line, good consumers require high quality and low price.

How does this Lasic example relate to your future medical?

Consumers will pay for health care services from employer developed savings accounts
In the near future, Consumers will see doctor/hospital pricing, and outcome data to better determine the best fit for the consumer for the highest quality.
Provider pricing varies by a wide margin.
Provider outcomes are important to know to choose the best fit.

Consumers will have a financial stake in their health care decisions by financing the medical benefit with a high deductible of some sort plus some form of saving account. This savings account must provide some form of ownership for the consumer. Then the consumer has a reason to stay informed, watch prices to get the highest quality, and most importantly consider overall health as a personal goal. As plan participants become healthy and become better consumers, medical claims reduce, and premiums stabilize and decrease.

The HSA and HRA in our opinion, are very effective tools to fix health plans. Each plan is customized to every employer group. Employees, employers, and insurance company’s like them because they work. Let us show you how you can begin to stabilize your health care costs.

There are two basic options, our Health Reimbursement Account style plan called the Convertible Health Plan^SM and the Health Savings Account. Contact us and we will find out what option works best for you. As our promise says "We Fix HealthPlans" and we promise to fix yours, too.