Like many people, you may look at these words and wonder what they mean. So let’s put it in plain language: Consumer-Directed Health Plans are health plans that give people more choice in making health benefits decisions. Sounds good so far, right?
But that’s not all. These plans also offer more control over health care spending. In today’s economy, that’s a big plus for everyone. They usually have a lower premium and a higher deductible. Plus, they may be coupled with a health fund or other health savings account. You can use this fund or account to pay for health care expenses. This helps you save for future health care expenses.
Aetna Health Reimbursement Arrangement (HRA)See how your employer can help you take care of your health. Note: the HRA overview video is currently not available for use in Arizona, California and Ohio. |
Aetna Health Savings
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What the plans provide:
Consumer-directed health plans (or CDHPs) are not that much different from the health plans you already know. They give you:
How Health Care Reform impacts your Health Savings Account (HSA)Health Care Reform legislation, which was passed in March 2010, includes certain changes to the rules for HSA. Learn more about how your HSA is impacted and what you need to do. |
Tips to help manage a plan:
With a CDHP, you are in charge. So use these smart tips to stay on top of your plan – and its costs.
Insider TipDid you know that your deductible may be waived for certain preventive drugs? Get more HSA insider tips. |
Two other ways to save:
Health Reimbursement Arrangement (HRA)*
Here’s a way your employer can help you take care of your health. With an HRA, your employer sets up a fund to help you pay for certain health care expenses. An HRA gives you these advantages:
Please note: Your employer may limit the money you can carry over. Also, HRA funds can be used only for certain health care expenses (please see your plan documents for more details).
*HRAs are currently not available for Small Group in Florida. HRAs are currently not available to HMO members in Illinois.
Insider TipGet the most value from your Aetna HealthFund® Health Reimbursement Arrangement (HRA). Get more HRA insider tips. |
Health Savings Account (HSA)**
These days, you’re watching every health care dollar. And we can help you see that they don’t get lost. An HSA is a tax-advantaged savings account that lets you pay for current health care expenses. Or, you can save for future expenses. To be eligible for an HSA, you must be covered by a consumer directed health plan. And you must not be eligible for coverage under any other health plan. Here are some ways to make the most of your HSA:
**HSAs are currently not available to HMO members in Illinois
Insider TipYour HSA balance is insured by the Federal Deposit Insurance Corporation (FDIC). Get more HSA insider tips. |
Helpful LinksHere are more ways to help you get the most out of your plan. If you are an Aetna member, register for—and use—your secure member website. For more about health benefits issues, including ways to save money, visit Plan for Your Health For tax questions, go to the IRS publication 969 called Health Savings Accounts and Other Tax-Favored Health Plans, at www.irs.gov. Visit the U.S. Treasury website for answers to your questions about Health Savings Accounts. Need to look up a word? Try our health care glossary. Get tips to help you make the most of your Health Savings Account or Health Reimbursement Arrangement. |
Health Care ReformHow does health care reform affect you & your family? We've mapped out what you need to know.
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