Consumer-directed health plans combine high-deductible medical insurance with financial accounts designed to encourage responsible health care purchasing by your employees. This approach gives you a powerful and sustainable solution to rising costs.
Employees enrolled in consumer-directed health plans are more likely to participate in wellness programs and to research health information, which may result in a healthier workforce for your company. Over the long term, that can translate into lower health care costs for you and employees. With more than 70 years of experience providing health care coverage, Blue Cross Blue Shield of Massachusetts provides the knowledge, broad product selection, and support to ensure that your consumer-directed health plan solution is successful.
Download our CDHC Overview to see the benefits for your organization.
|Health Savings Account (HSA)
An HSA is a tax-free account that can be funded by both employer and employee. Employees own the HSA and can use it for current and future medical costs. Watch this 3:46 tutorial to see how an HSA works.
|Health Reimbursement Arrangement (HRA)|
An HRA is owned and administered by the employer. The employer has the flexibility to control contributions, rollovers, and usage guidelines. Click this 3:04 tutorial to see how an HRA works.
Benefits for You
Benefits For Your Business and Your Employees
Is your organization ready for a Consumer Directed Health Plan?
Flexible Health Plan Options
We offer a wide range deductible-based health plans, including plans that are Health Savings Account-compliant, so you can choose the one that's right for your company. All of our health plans include the necessary preventive care, such as annual physicals and associated tests, to keep your employees healthy and productive. With so many options, you're sure to find a plan that meets your needs. Options for plan features include:
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Financial Accounts: HSAs, HRAs, and FSAs
Financial Accounts are a core piece of account-based health plans. These accounts financially engage employees as they make decisions about their health care and how to spend their health care dollars. Employees can use their financial accounts to offset costs and plan for future health care needs.
Health Savings Accounts (HSAs)
Health Reimbursement Arrangements (HRAs)
Flexible Spending Accounts (FSAs)
What type of financial account is right for your organization?
Flexibility in Account Administration
We partner with the most well respected and recognized account administrators in the industry. Through these partnerships, we exchange eligibility, incentive, and claims information to simplify the management of accounts. Whether you're looking for a fully integrated solution, or want to keep your current administrator, you have the flexibility to choose the right solution to meet your business needs.
Account Administrator Information
Overview of Strategic Partners - Gives an overview of our full suite of vendors.
Individual administrator sheets
Benefit Strategies - Administers HSAs, HRAs, and FSAs
Choice Strategies - Administers HRAs, HSAs, and FSAs
Health Equity - Administers HSAs, HRAs, and FSAs
HR Concepts - Administers HSAs, HRAs, and FSAs
TASC - Administers HRAs and FSAs
Wells Fargo Health Benefit Services - Administers HSAs
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Employee Tools and Support
Employee Educational Resources
Our BlueIQ Communications Center can help you communicate about your new consumer directed solution to your employees.