Providing a wide range of actuarial and risk management services (information as well as task-specific) to anyone interested in the HSA Model
HSA Planning is devoted to the proposition that most employers should consider offering either (a) a multiple choice plan where each participant may elect a HDHP with several deductibles or (b) an HSA option to its existing traditional plan with a HDHP deductible of $2600 plus 50% of the next $4,800, e.g.
Actuarial management is needed with HSAs in these ways:
- Repricing the HDHP because of the requisite benefit changes (removal of the deductibles, e.g.).
- Determining the employer HSA contribution amount so as to meet predetermined targeted plan costs.
- Rethinking several issues newly introduced by the risk-bifurcation between the HDHP and the HSA:
– New stop-loss terms
– Increased role of risk management
– Greater relative role of network
- Measuring anti-selection
- Pooled risk (association plans, e.g.).