Of all the employee benefits a company can offer, group health insurance is the greatest draw. Options include traditional indemnity and managed care. Managing health care expenses on a tax advantaged basis is an important consideration as well. The proliferation of such plans as health savings accounts and health reimbursement arrangements are examples.

This chapter discusses the basic features of the major plan types, relevant tax implications to the employee, COBRA/HIPAA provisions as well as tax-advantaged means of saving for various health care costs.

After reading this chapter, you should be able to discuss the:

  • basic features of traditional indemnity plans.
  • basic types of managed care plans.
  • relevant income tax implications of group health care plans.
  • mechanics of COBRA and HIPAA
  • various types of health savings accounts.


Types and Basic Provisions

Related Articles
  1. Investing

    The Top 5 Healthcare Mutual Funds for 2016

    Discover analyses of the top five health care mutual funds, which may be poised to rise in 2016 due to increased demand in health care products and services.
  2. Insurance

    Defined Contribution Health Plans: A Primer

    A look at defined contribution health plans and how they work for both employees and employers.
  3. Insurance

    The Debt Report: The Health Care Sector

    Discover how the health care industry's largest companies have greatly increased their debt exposure since the financial crisis, and why this trend matters.
  4. Managing Wealth

    How To Choose A Healthcare Plan

    HMOs? PPOs? CDHPs? We'll clear up the confusion so you can find the right coverage.
  5. Retirement

    Is Your Health Insurance Enough For Retirement?

    Learn what to expect to pay for health insurance in retirement, what is covered through Medicare and what the Affordable Care Act means for retirees.
  6. Insurance

    What You Need To Know About COBRA Health Insurance

    We go through everything you need to know about COBRA so that you can decide if it's right for you.
  7. Investing

    Best 3 Vanguard Funds in the Healthcare Sector (VHT)

    Discover information about some Vanguard funds that provide exposure to the health care sector, and find out about their characteristics.
  8. Insurance

    Why Health Insurance Premiums Will Rise in 2017

    To battle the costs and challenges of the Affordable Care Act, many health insurances are raising their premiums in 2017.
  9. Insurance

    Health-y Savings Accounts

    HSAs can provide a new way to save for retirement and medical expenses.
Frequently Asked Questions
  1. Depreciation Can Shield Taxes, Bolster Cash Flow

    Depreciation can be used as a tax-deductible expense to reduce tax costs, bolstering cash flow
  2. What schools did Warren Buffett attend on his way to getting his science and economics degrees?

    Learn how Warren Buffett became so successful through his attendance at multiple prestigious schools and his real-world experiences.
  3. How many attempts at each CFA exam is a candidate permitted?

    The CFA Institute allows an individual an unlimited amount of attempts at each examination.Although you can attempt the examination ...
  4. What's the average salary of a market research analyst?

    Learn about average stock market analyst salaries in the U.S. and different factors that affect salaries and overall levels ...
Trading Center