AllWays Insider

Having a Primary Care Provider (PCP) who can help ensure you get the care you need to stay healthy or treat you when you’re ill is an important part of your overall health and well-being. If you’re moving to a new city or state, switching health plans, or need to change doctors for any other reason, it can be difficult and sometimes stressful to coordinate that change on your own. Fortunately, this process is more straightforward than it might seem.

Health plan members are often confused by the alphabet soup of acronyms, terminology, and lingo used to describe their health insurance. Whether they’re trying to choose a health plan or take advantage of the benefits offered, understanding insurance terminology can be like reading another language. 

As health care costs and insurance premiums continue to rise, employers are always on the lookout for ways to reduce their insurance expenses. One common approach is to offer lower premium, higher deductible health plans paired with a tax-advantaged savings account. From Flexible Spending Account (>FSAs) to Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs), there are a lot of options to choose from, and deciding which to offer can be a challenge. This blog post will go over their similarities and differences to help make an informed decision.