ConnectYourCare’s Chief Financial Officer, Reese Feuerman, provided insight into the future of health accounts in light of the implementation of health insurance exchanges at the 2013 Healthcare Payments and Policy Conference on July 16th, 2013 in Washington, DC.
Feuerman was one of three executives on a panel that discussed threats and opportunities created through the insurance exchanges.
“I am happy to share ConnectYourCare’s insights into how the Affordable Care Act could impact the new world of healthcare savings accounts” said Feuerman. “ConnectYourCare continuously monitors legislation and industry trends and we stay very active on Capitol Hill. It was a great opportunity to not only attend this event and hear how other aspects of the industry are reacting to new legislation, but to also contribute to the conversation.”
Feuerman said that although healthcare accounts will be included in both public and private exchanges, those of us in the managed care industry feel that under state and federal exchanges, health savings accounts (HSAs) and other healthcare accounts will be stripped down versions offering few of the conveniences consumers have grown used to and expect, like mobile technology and payment cards. Consumer-directed healthcare (CDH) products will figure predominately in private exchanges; CDH accounts and defined contribution plans are integral to the product strategy for private exchanges, and product offerings will definitely include HSA, HRA and FSAs.
As people who can make sense of the evolving health care landscape, ConnectYourCare gives employers a fighting chance against skyrocketing health care costs—while offering employees a valuable benefit they use and appreciate to better manage health savings. Delivering ROI and efficiencies at every turn; giving individuals tools they can use to make better-informed choices, including our renowned service representatives; simplifying the entire process with market-setting technology solutions—and continually developing new features and options—these are the core competencies that have allowed us to grow a loyal and highly satisfied client base of organizations of every size. Learn more at connectyourcare.com.