Navigation Links
How To Reduce Cost Without Sacrificing Your Health Coverage

DETROIT, July 16 /PRNewswire/ -- With health care premiums increasing across the board, many companies are looking for alternative options to decrease spending without losing employee coverage. Now employers have the option to maintain the quality of coverage for their employees and lower their costs by as much as 25% by taking preventive measures through Health Reimbursement Arrangements (HRA).

An HRA is a government-based program created to encourage small businesses to provide benefits to their employees. HRA's are usually offered as part of a consumer-directed health plan, which provides employees with important new benefit options while raising consumer awareness of cost; which then empowers consumers with greater decision-making control over their health spending.

To contain the cost of insurance premiums, The Benefits Group focuses on creative plan design, switching to high deductible health plans (without lowering benefits to employees), which greatly lowers premiums. Due to a climate change in the health insurance industry and a double-digit increase in premiums, many companies have been forced to reduce benefits, shift more costs to employees or drop coverage entirely. "The consumer market has created a demand for affordability and plan options. The popularity of HRA plans are making this possible," says David Bommarito, President of The Benefits Group.

HRA's are open to employees employed by companies of all sizes, unlike some plans. The HRA contributions are an unfunded liability and are only paid if claims rise above a set point and are capped to a known liability and are free from state, federal and FICA taxes.

For example, Net Results Group, Inc., located in Southfield, Michigan, increased their deductible by $1,500. "The premium savings allows the company to fund the increase in deductibles on behalf of their employees without reducing their benefits and still save 18% on their health care budget," says Bommarito. With dental, we are typically able to save about 40% with comparable benefits.

Since 1986, The Benefits Group, located in Rochester Hills, Michigan, has been a full-service employee benefits company providing all aspects of employee benefits; group medical, dental, vision, short and long term disability, 401(k)'s, FSA's, EAP's and more. For more information about The Benefits Group, visit For more information on this release contact Marco at

SOURCE The Benefits Group
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. 2009 National Ergonomics Conference Schedule Announced, Focus on Productivity & Profitability With Reduced Workforces, All Major Sponsors Renew & New Exhibitors Join the Expo
2. Fractional Eyelift Procedure Reduces Eyelid Drooping and Wrinkles with Minimal Recovery Time
3. Condoms May Reduce Herpes Risk
4. Research identifies successful new treatment for Hodgkins lymphoma, reduces long-term risks
5. Diabetes Advocates Call For National Strategy, Leadership to Reduce Diabetes and Advance Detection and Treatment
6. State privacy rules reduce electronic medical sharing by 24 percent, warns Management Insights
7. Asian spice could reduce breast cancer risk in women exposed to hormone replacement therapy
8. New research to reduce drug side-effects
9. Strength Testing Could Reduce Pitching Injuries
10. Reduced diet thwarts aging, disease in monkeys
11. Migraines Linked to Reduced Breast Cancer Risk
Post Your Comments:
(Date:11/30/2015)... ... November 30, 2015 , ... A novel class ... could be effective in fighting methicillin-resistant Staphylococcus aureus (MRSA), one of the major ... showed that small molecule analogs that target the functions of SecA, a central ...
(Date:11/30/2015)... ... , ... Using a combination of two blood sugar tests rather than a ... a new study by researchers at the School of Public Health at Georgia State ... of Blood Glucose Tests ,” published in Frontiers in Public Health, the researchers noted ...
(Date:11/30/2015)... ... November 30, 2015 , ... International telepathology ... UPMC and KingMed Diagnostics researchers. Their review of more than ... with UPMC pathologists resulted in significantly altered treatment plans for more than half ...
(Date:11/30/2015)... ... November 30, 2015 , ... The Foundation for Breast and ... prevention—is joining forces with the award-winning creator and writer of Downton Abbey Julian ... 2015 at the Union League of Philadelphia. , The benefit, titled “An ...
(Date:11/30/2015)... ... November 30, 2015 , ... California-based i2i ... years, announced today that Michigan-based Family Health Center (FHC) has selected i2iTracks as ... years, FHC was awarded the largest Affordable Care Act grant for Federally Qualified ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... -- --> --> According ... Product (Soft Tissue, All Tissue, Dental Welding Lasers), Application (Conservative ... - Global Forecast to 2020", published by MarketsandMarkets, is expected ... of 5.2% during the forecast period from 2015 to 2020. ... Figures spread through 167 P ages and in-depth TOC ...
(Date:11/30/2015)... and ST. LOUIS , Nov. ... (NASDAQ: ESRX ) today announced an early renewal ... which began in 1999, will now extend through at ... --> After evaluating pharmacy benefit manager capabilities during ... Express Scripts continues to offer the best health plan ...
(Date:11/30/2015)... , Nov. 30, 2015 Booth #4303 – ... VAR ) will exhibit a broader array of products in ... Radiological Society of North America in ... at the meeting will feature X-ray components "At the Heart ... a line of products from Varian,s Claymount brand, and computer-aided ...
Breaking Medicine Technology: