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Employers

Consumer-Directed Health Plans

With consumer-directed health plans from Blue Cross Blue Shield of Michigan, you and your employees can lower health care costs while saving money.

Our solution

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.

Available options

Health savings account
A health savings account, or HSA, works like a 401(k) account for qualified medical expenses. It's owned by your employee and can be funded by them or by you.
Health reimbursement arrangement
A health reimbursement arrangement, or HRA, reimburses your employee for qualified expenses. Unlike an HSA, the employer owns and funds the account solely.
Flexible spending account
A flexible spending account, or FSA, pays for qualified expenses. It can be funded by both you and your employees, but you own the account. This means you keep any unused funds.

How these accounts compare

HSA

Funded by: Employer, employee or both

Owned by: Employee

Portable: Yes

Roll over: Yes

Funds investments: Yes

Debit card: Yes

HRA

Funded by: Employer

Owned by: Employer

Portable: No

Roll over: Optional

Funds investments: No

Debit card: Optional for prescription drugs

FSA

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).

How they're administered

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:

  • A single login for easy account access
  • Co-branded debit cards
  • One bill from Blue Cross
  • Daily membership and claims feeds

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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