What is the name of your state (only U.S. law)? ND
My company is looking to go with a HDHP and a HSA type plan setup. This change will make it such that the insurance will not kick in at all till after X amount of dollars have been spent towards the deductible. The company is also looking to provide some money in the HSA initially and then on a going forward basis.
Currently, my CSO states that I am to provide the medical insurance for our child only. Based on this change that will be occurring as well as that HSA that will be setup and have some funding put into it by the company, how does that affect my current insurance arrangement, if at all? Initially, I am thinking that nothing changes as I am still providing the assurance as the judgement states. But I am not sure if I need to handle the HSA differently in some fashion outside of just providing the insurance?
My company is looking to go with a HDHP and a HSA type plan setup. This change will make it such that the insurance will not kick in at all till after X amount of dollars have been spent towards the deductible. The company is also looking to provide some money in the HSA initially and then on a going forward basis.
Currently, my CSO states that I am to provide the medical insurance for our child only. Based on this change that will be occurring as well as that HSA that will be setup and have some funding put into it by the company, how does that affect my current insurance arrangement, if at all? Initially, I am thinking that nothing changes as I am still providing the assurance as the judgement states. But I am not sure if I need to handle the HSA differently in some fashion outside of just providing the insurance?