Health savings accounts: should you consider these plans for your own staff?

Two of the latest buzzwords to take center stage in healthcare are health savings accounts (HSAs) and consumer-driven healthcare, but who knows what they mean? This article defines these two concepts and relates how they will work together to save money for consumers and drive down the cost of healthcare. Should physicians be concerned about the impact these initiatives will have on their practices? Physicians should always be concerned about what is going in the marketplace and do everything they can to prepare for the way new plans will affect patient behavior. As an employer, HSAs are worth considering for coverage for your practice staff Employers of all sizes are looking into ways these plans will save money yet provide the adequate coverage that employees hold dear. This article considers the characteristics of HSAs and explores the administrative and operational challenges HSAs will present.