A Plan to Reduce Group Health Care Costs

Gerhardt, Steve
May 2006
Air Conditioning Heating & Refrigeration News;5/22/2006, Vol. 228 Issue 4, p1
Trade Publication
The article focuses on strategies for reducing the cost of the health care sector in the U.S. Fewer employees are given health insurance coverage by employers. The expense of coverage for a family is about $10,000 per year that is almost equivalent to a minimum wage salary. Healthcare Reimbursement Accounts (HRAs) are one of the methods for reducing the health care cost. HRAs can greatly increase the way employers' structure health care benefits. Health care reimbursement accounts are also an excellent method recommended for employers to reimburse employees for their medical-related expenses on a pretax basis.


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