• (540) 444-4000
  • Facebook
  • Login

Defined Contribution

Do You Know About Defined Contribution Health Care Plans?

Employers can now predict and plan for your health benefit costs by choosing how much money to allocate to employees!

This process is called “defined contribution” and it can pay great dividends in monitoring and controlling your health care costs.

How does it work?

  1. Choose a monthly allowance for each employee (similar to a business expense account account, the money stays with the company until an expense is incurred)
  2. Employees select their health insurance policy (employees choose policies that best fit their needs)
  3. Reimburse employees tax-free (employers use the BSIHRA software to reimburse employees for their insurance premiums and medical expenses)

Contact our health care consultants to learn more about how defined contribution can help your business.

Senate Republicans Unveil ACA Repeal Bill


The New York Times  (6/22, Pear, Kaplan, Subscription Publication) reports that on Thursday, Senate Republicans “took a major step” towards their goal of repealing and ...

Continue Reading >

Anthem Ends Pursuit Of Cigna


The Wall Street Journal  (5/12, Mathews, Kendall, Subscription Publication) reported Anthem Inc. said Friday it would give up attempts to acquire Cigna Health, which the ...

Continue Reading >

House Passes American Health Care Act


On its front page, the New York Times  (5/4, A1, Kaplan, Pear, Subscription Publication) reports that on Thursday, the House “narrowly approved” the American Health Care Act ...

Continue Reading >