Nor is anything known about the financial burden on lower-wage employees with greater out-of-pocket costs not covered by health reimbursement accounts
Within our CDHP products like health reimbursement accounts
, we're looking to provide the closest thing to a retail bank-like service experience possible in the health care industry."
Most of the press and policy discussion about consumer-directed health plans has focused on so-called health reimbursement account
Under the plan, participants are encouraged to move from a preferred provider organization (PPO) to a health reimbursement account
, to which the company contributes $1,000 per employee.
The health reimbursement account
plan is essentially an employer- or company-funded expense account.
Another alternative may be a health reimbursement account
(HRA), which reimburses employees for medical expenses other insurance doesn't cover.
1, 2011, a health reimbursement account
, a health flexible spending account, a health savings account or an Archer medical savings account could no longer be used to cover the costs for over-the-counter drugs not prescribed by a doctor.
The plan, designed by benefit management firm Benemax of Medfield, Mass., consists of an employer-funded Health Reimbursement Account
and allows employees to roll over any unused funds for use the following year.
Expansion of medical savings accounts, under the new name of Health Savings Accounts, add a new wrinkle to consumer-driven health care plans by making the contributions to the health reimbursement account
The Lumenos Health Reimbursement Account
Plan is funded by the employer for routine medical care, including prescriptions.