HSA/High-Deductible Health Plans and HRA-Based Health Plans

Categories: Empower Consumers and Providers

Blue Cross and Blue Shield of Florida offers Health Reimbursement Account (HRA)-based plans for fully insured and self-funded groups and high-deductible health plans with Health Savings Accounts (HSAs) for groups and individuals.  HRA-based plans help members manage their healthcare costs in a way that they control, using the HRA that their employer establishes to reimburse them for qualified medical expenses such as deductibles, copayments and prescription drug costs.  High-deductible BlueOptions plans paired with HSAs, meanwhile, can yield lower insurance premiums while enabling members to glean tax savings and access money for health-related expenses now and in the future.