(PRWEB) February 4, 2005 -- IHC Health Plans, a market leader in quality and affordable medical benefit plans in Utah now offers the choice and convenience of HSA (Health Savings Accounts), FSA (Flexible Spending Accounts), and HRA (Health Reimbursement Accounts) tax advantaged approved programs for all. HealthSave products will be available to all Utah residents January 1, 2005.
The HSA will benefit the self-employed, individuals, families or COBRA currently on or looking for a individual Utah health insurance policy that meets qualifications. HSAs provide these individuals with a way to pay for their current medical expenses and save for the future medical expenses on a tax-free basis. In general, HSAs are tax-exempt trusts or custodial accounts created exclusively to pay for the qualified medical, dental and/or vision expenses of individuals and or family members. HSAs are subject to rules similar to those applicable to individual retirement accounts. Subscribers enrolling only themselves will choose a "single" plan. Subscribers enrolling themselves and one or more family members will choose a "family" plan (two-party rates are available for two-party families). On a "family" plan, the entire family will benefits from family rates.
A FSA and HRA allow an Utah small employer tax advantages and incentives to participate with funding. Utah employee benefits increase at a lower cost to both the employee and employer. Consult http://www.benefitsmanager.net for various options or download brochure with this article.
Members and employers will be allowed to establish an HSA, FSA and HRA with any vendor. However, IHC Health Plans will be partnering with an HSA vendor to offer discounted administrative fees. Information regarding the HSA vendor will be available in the upcoming broker seminars. http://www.benefitsmanager.net is a web site designed to bring you these quotes and assist you with enrollments.
Press Contact: Michael Oliphant
Company Name: BENEFITS MANAGER, INC
Email: mikeoliphant[at]benefitsmanager.net
Phone: 888-310-9623
Website: www.benefitsmanager.net
More Information: http://www.prweb.com/releases/2005/2/prweb205033.htm