For Employees
How is this different than traditional health insurance policies?
The managed-care model currently in place disconnects consumers from understanding what their health care costs really are. You may know your monthly premium and your co-pay costs, but do you know the full cost of your healthcare?
Just like your employer is looking for ways to save money, we know your household budget has gotten tighter over the past couple of years. You’ve probably found a few ways to save money by controlling your energy costs and ditching unnecessary monthly expenses. You’re finding ways to make each dollar you earn stretch as far as it can go. But, how can you do that if you don’t know where it’s going?
That is what happens with traditional health insurance. But, with nHealth you know exactly what your healthcare costs are, enabling you to make wiser decisions on when and where to spend your money.
In addition to becoming a true consumer of healthcare and shopping around for the best value at the best price, you can also take advantage of your health savings account to pay for current and future health expenses, or to invest for your retirement.
nHealth puts you in the driver’s seat and gives you more options and greater flexibility, which enables you to make better choices that suit your lifestyle.
Tax benefits
- » Contributions made through payroll deductions are on a pre-tax basis
- » Earnings are tax-free for as long as the money stays in your HSA
- » Withdrawls are tax-free for qualified health care expenses
Ownership
- » You control how you spend the money in your account
- » Use it for eligible expenses today, tomorrow or in retirement
- » You keep the money in your account, even if you change health care coverage or jobs
Long-term advantage
- » Save for future medical needs
- » Choose from a variety of mutual fund investment options
- » Your unused balance rolls over tax-free from year to year
Tips to make you a wise healthcare consumer
- » Use in-network doctors
- » Ask lots of questions
- » Prescription drugs – Use generic drugs whenever possible – Mail order Rx – Shop around for best Rx prices
- » Instead of doing what you’ve always done, consider your treatment alternatives
- » Nurse line – Urgent care
- » Review EOB/health statements
- » Save your receipts
- » Take advantage of our online resources to help with research and questions
