Health Savings Accounts (HSAs) are the latest innovation in managed care plan designs. HSAs work like an indemnity plan with a point-of-service plan backend. The health plan includes preventive care, dental and vision as well as complete flexibility. Members can see any provider using the pre-tax money saved in their savings account. HSAs are a high-deductible point-of-service plan that kicks in once the member has spent above the deductible. These plans typically cost a lot less than regular POS plans, but the member needs to pay attention to their costs.
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