Consumer Directed Heath Plans (CDHP)
Consumer Directed Health Plans (CDHPs) have the power to change attitudes. With CDHP options, high deductible plans paired with tax preferred savings accounts provide employees and employers with a means to control and manage health care dollars. Many employers pair CDHP plan options with Healthcare Reimbursement Accounts (HRA), Healthcare Savings Accounts (HSA), and Flexible Spending Accounts (FSA) to help employees cover expenses that are not covered by the medical plan.
Leveraging HSAs, HRAs and FSAs in Conjunction with CDHP
- Employees can take control of their healthcare costs
- Drives employee satisfaction and engagement
- Enhances benefit program
Compare HSAs, HRAs and FSAs
| HSA | HRA | FSA | |
|---|---|---|---|
| Tax-Free Contributions | Yes | Yes | Yes |
| Employee Funded | Yes | No | Yes |
| Employer Funded | Optional | Yes | Optional |
| Portable Account | Yes | No | No |
| Earn Interest | Yes | No | No |
| At Age 65 Tax-Free Withdrawls | Yes | N/A | N/A |