OAKLAND, Calif. – Kaiser Permanente has launched the Kaiser Permanente Custom Care product suite in its California region.
The Consumer Directed Health Care products offer a range of benefit design and financial accounts options, along with online health information including an online health and drug encyclopedia, decision support tools, incentive and discount programs, and personalized health programs to help members eat better, lose weight, reduce stress and stop smoking.
With a recent Business Roundtable survey of corporate CEOs revealing that some 43% cite rising health care costs as their greatest concern, the new offering is designed to help employees become more involved in their health care.
The first offering is the Custom Care HealthBuilder, which pairs a Kaiser Permanente Deductible HMO with a CarePay HRA. The CarePay HRA allows employers to provide their employees with tax-free funds to pay for their health care expenses including co-pays, co-insurance and deductibles. Employers do not pay federal, state, or FICA taxes on their HRA contributions. Funds are tax deductible, and are tax-free to the employee. The CarePay HRA is 100% employer funded, and all or part of the unused funds may rollover year to year.
Other elements of Custom Care products are slated to be rolled-out in California over the next few months. Nationally, several other Kaiser Permanente regions have launched qualified High Deductible Health Plans with CarePay HSA.
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