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

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.

HR professionals Those who advise on employee and medical benefits

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

Tax free health care expenditures means significant savings for many Canadians tinyurl.com/8lsj2pu

		Perry Shoom PreAxia Health Care Payment Systems View Profile