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Health Spending Accounts-More Coverage, Lower Costs & Greater Control over Medical Expense Benefits

Topic:
Health Spending Accounts-More Coverage, Lower Costs & Greater Control over Medical Expense Benefits
Date:
November 19, 2012 at 3:00 - 4:00 PM ET
Presenters:
Perry Shoom, Vice President(PreAxia Health Care Payment Systems)
webcastImgVirtual
Description
Organizations are continuing to tighten their belts and HR professionals are being pressured to find ways to lower costs on the same medical expense benefits they need to attract and retain the best talent. Meanwhile, increased insurance premiums, extensive paperwork, coverage restrictions and unexpected out-of-pocket expenses are making employees feel disenchanted with their current benefits. Is there a way to lower costs while increasing coverage?

Health Spending Accounts (HSAs) are the answer. Either as a stand-alone offering, or integrated with other group benefits, HSAs give employers’ greater control over their medical expense benefits while providing employees with more extensive coverage and fewer restrictions.

Health Spending Accounts (HSAs) are the government’s way of helping Canadians to pay for needed health care expenditures beyond what is covered by provincial health plans. They offer businesses a way to simplify their employee benefits while allowing HR professionals to offer more with fewer resources. Isn’t it about time that you learned about this solution to the challenge of increasing costs, reduced benefits and internal cost control?

Only now, 25 years later after HSAs were introduced to Canada, has technology simplified HSA education and administration to the level that it is now a practical consideration for a large segment of employers.

This presentation covers the basics of this 25 year old non-insurance product. It explains just what HSAs are, how they work, who benefits from them, what services they cover, and their limitations. The latter part of the presentation addresses how HSAs, when combined with Internet technology, are easier to manage and provide easy access, improved coverage and increased control over your medical expense benefits.
Who Should Participate
HR professionals Those who advise on employee and medical benefits
What You Will Learn
This presentation explains what Health Spending Accounts are and how an organization can balance increased benefits with reduced cost and fewer administrative resources. By the end of this presentation you will understand the following:
  • What are Health Spending Accounts (HSAs
  • What services are covered by HSAs
  • Who benefits from HSAs
  • How does a HSA work
  • Overall benefits of HSAs
  • How technology delivers a better HSA product
  • Recommended Resources
    Tax free health care expenditures means significant savings for many Canadians tinyurl.com/8lsj2pu
    Communities
    Benefits
    Medical Benefits
    Consumer-Directed Healthcare (CDH)
    Health Savings Accounts (HSAs)
    Insurance
    Health
    Vision
    Dental
    Employee Wellness
    Benefits - Cost Containment, Audits and Legal Risks
    HR in Canada
    Canadian Masters In HR Strategy & Execution
    Presented by
    spacer
    speaker spacer
    Perry Shoom
    PreAxia Health Care Payment Systems

    View Profile
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    Event Sponsors
    PreAxia Health Care Payment Systems
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    File List
    Feedback
    Name Comment Rating
    4 / 5
    Very Good Presentation
    Image of Eric Ludwig Eric Ludwig
    Interactive Medical Systems - IMS flex
    4 / 5
    Very Good Presentation
    Image of Tanya Morgan Tanya Morgan
    Conair Group Inc
    2 / 5
    Poor Presentation
    3 / 5
    Good Presentation
    Image of Barbara Kang Barbara Kang
    Attendance on Demand, Inc.
    4 / 5
    Very Good Presentation
    Image of Jim Perry Jim Perry
    Unemployed
    4 / 5
    Very Good Presentation
    it was not clear that this webinar referred only to Canadian employers...
    Image of Shelby Samuels Shelby Samuels
    Myron Corp
    wasn't very engaging 2 / 5
    Poor Presentation
    Image of Miriam Berger Miriam Berger
    A Hire Authority

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