Your Health, Your Money, Your Doctor ®
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Your Health, Your Money, Your Doctor ® |
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How
Medical Savings Accounts The Health Plan is divided into two sections. The employees portion is used to buy a high-deductible $2 million major medical policy. The other, the employer's portion is used to create a cash account for the employee to spend on routine medical care. The money in the cash account is used for expenses that are below the deductible. The cash account is commonly called a Medical Savings Account (MSA). MSAs create great employee satisfaction. Long-term savings for the employer are the real benefit. Employees become smart shoppers for medical care when they realize the money in the cash account is their's to keep. Costs are controlled because of cost-conscious employees. Employees feel good about the insurance coverage because you have returned to the day when the employee can pick the doctor. It's the employee's doctor, not the insurance company's doctor. Doctor does not get a bonus for providing less care.
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