Health Expense Funds

Cost savings and engaged employees

Consumer-directed health benefits, health savings accounts, and health insurance products are good for your business. Adding them to your benefits package helps you manage rising costs:

• Lowers company expenses through the cost-sharing of a high-deductible health plan.
• Provides FICA and FUTA tax savings on salary reductions that occur when employees contribute to consumer-directed plans.

And they’re good for your employees, who get:

• Cost-effective, quality health benefits and insurance plans for themselves and their families.

Options to meet your needs

Four Health Expense products to suit your company and your employees:

HRA - Aetna HealthFund Health Reimbursement Arrangement
Employees use a fund to pay for eligible health care costs. The employer establishes a fund that employees can use to pay for deductibles, coinsurance and other covered health care costs under their plan. Unused money can usually be rolled over and used in the next plan year.

HSA - Aetna HealthFund Health Savings Account
Integrates a high-deductible health plan with a health savings account the employer and/or employee can contribute to the HSA. Employees use the account to pay qualified medical costs, or save it for future expenses. Contributions are tax advantaged. Earnings and distributions for qualified medical expenses are tax free.

FSA - Aetna HealthFund Flexible Spending Account
Lets your employees put some of their salary, before taxes, into a flexible spending account. They reimburse themselves from the FSA for eligible expenses they’ve paid.

• An optional, cost-effective employee benefit to offer.

RRA - Aetna HealthFund Retirement Reimbursement Arrangement
A type of HRA with a fund, which you provide, available to employees when they retire.

• Fund retiree benefits with more financial predictability.

See our consumer-directed offerings at a glance. It reviews HRA, HSA, FSA, and RRA features, side by side. 

Resources support and engage employees

Your employees need to make informed decisions about their health care and their health care costs.

They get lots of help from Aetna when they register for their secure member website.

On the site, they can find tools, information and services that help them:

• Choose quality coverage based on their needs.
• Find appropriate health care and learn costs beforehand.
• Explore a healthier lifestyle.
• Track health care services, plan claims and balances.

*HRAs/HSAs are currently not available to HMO members in Illinois

*HRAs are currently not available for Small Group in Florida