Other Health Expense Plans

In general, health expense plans are set up by employers to help members have more control over their health care dollars.

What is a health expense plan?

Health expense plans such as Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs) are authorized by the IRS and let you and/or your employer set aside money before taxes are withheld. With these plans, you submit a claim for certain eligible health- or care-related expenses incurred throughout the year, and you’re then reimbursed with tax-free dollars from your account.

Horizon BCBSNJ offers three types of health expense plans:

  • Health Savings Accounts (HSAs)
  • Health Reimbursement Arrangements (HRAs)
  • Flexible Spending Accounts (FSAs)

What are Health Reimbursement Arrangements (HRAs) & Health Savings Accounts (HSAs)?

Health Reimbursement Arrangements and Health Savings Accounts work in combination with a qualified High-Deductible Health Plan (HDHP). Each account features tax-advantaged dollars that you can use to pay for qualified medical expenses, such as deductibles, coinsurance amounts and some other out-of-pocket expenses.

Visit the IRS website for a current list of eligible medical expenses, and be sure to check with the person in charge of health benefits at your company to find out which of the expenses your employer has chosen.

What is a Premium Only Plan (POP)?

A Premium Only Plan lets employees use pretax dollars to pay for their portion of a health insurance premium. It is similar to health expense plans, but does not include the advantage of paying for unreimbursed health expenses and dependent care expenses on a pre-tax basis.

Horizon MyWay

Our Horizon MyWay plans offer members a unique way to better manage their health care, find out more.