With consumer-directed health plans from Blue Cross Blue Shield of Michigan, you and your employees can lower health care costs while saving money.
Blue Cross offers three different types of consumer-directed health spending account options for your employees. They're called health savings accounts, health reimbursement accounts and flexible spending accounts.
Each option can help employees pay for qualified expenses while saving money as they're funded pretax.
Funded by: Employer, employee or both
Owned by: Employee
Portable: Yes
Roll over: Yes
Funds investments: Yes
Debit card: Yes
Funded by: Employer
Owned by: Employer
Portable: No
Roll over: Optional
Funds investments: No
Debit card: Optional for prescription drugs
Funded by: Employer, employee or both
Owned by: Employer
Portable: No
Roll over: Optional
Funds investments: Yes
Debit card: Yes
Learn more about each of these by reading our Consumer-Directed Health Comparision Guide (PDF).
We offer HSA Bank or HealthEquity® as plan administrators. This partnership offers a one-stop shop for all benefit, enrollment, eligibility, membership, claims, billing and spending account management needs.
With either option, your employees will get:
HSA Bank and Health Equity are both fully integrated with Blue Cross to provide a streamlined and hassle-free service. We'll help you choose which works best for you.
Learn more by reading our Partner Comparison Guide (PDF).
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