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CDHP, HDHP Companies
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DEFINITY LANDS EDISON INTERNATIONAL
Edison International (Rosemead, CA) will offer its 13,500 covered employees the option of enrolling in an HRA-compatible consumer-directed health plan from Definity Health (St. Louis Park, MN), a division of UnitedHealth Group.
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INDIANA EMPLOYERS OPEN TO CDHPs, SURVEY SAYS
More than half the employers that make up the Tri-State Business Group on Health (Evansville, IN) said they would consider consumer-directed health plans in the future, but only 11% are currently offering or introducing them, according to a survey.
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IOWA EMPLOYERS SAVE WITH CDHPs
The Health Policy Corp. of Iowa (Des Moines) reported that employers that offer consumer-directed health plans are experiencing cost increases of 5% to 7% in 2005, compared to as high as 10% for employers that are sticking with traditional plans, said Paul Pietzsch, president.
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ERISA, COMPARABILITY, AND OTHER HSA HEADACHES
The first big headache for employers implementing HSA is avoiding ERISA applicability, according to Ashley Gillihan, benefits attorney, Alston & Bird, who discussed the potential legal and regulatory pitfalls of consumer-directed healthcare at the World Research Group HSA conference in Chicago this month.
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HSA DEDUCTIBLE FLOOR LIKELY TO RISE 5%
The minimum deductibles for HSA-compatible high-deductible health plans will likely rise 5% to $1050 single, $2100 family in 2006, according to Thomas Reeder, associate benefits tax counsel, office of tax policy, U.S. Dept. of Treasury, up from $1000 single, $2000 family in 2005.
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HSA PLAN RATES FALL 14%, STUDY SHOWS
A report from online insurance broker eHealthInsurance (Mountain View, CA) shows that through the first six months of 2005, the average monthly premium for HSA-compatible high-deductible health plans dropped 14% to $176.87.
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