Combining flexibility with cost control, Group Select PPO offers significant savings to employers and employees, while providing access to a vast network of hospitals and physicians. Employees can select any physician or hospital they want, but by choosing a PPO provider will benefit from negotiated discounts on services and richer benefits.

Group Select PPO plan options enable a plan to be HRA compatible. An HRA is a health reimbursement arrangement (HRA), a fund created and owned by the employer that may be used by members for eligible healthcare expenses. The HRA-compatible PPO plan protects members from unexpected medical expenses. Like Group Select HSA, an HRA plan promotes responsible spending by employees. Health reimbursement accounts may, if chosen by the employer, roll over from year to year.

Group Select HSA is designed to help offset rising healthcare costs and to promote employee involvement when choosing and purchasing healthcare. Group Select HSA is a qualified high deductible health plan (HDHP) for a major illness or injury along with a health savings account (HSA). The HDHP is basically a PPO plan with a higher deductible and lower monthly premiums than a traditional PPO plan.

The HSA is a portable, tax-free personal bank account owned by the member that can be used to pay for qualified medical expenses. HSAs may be funded by the member, the employer or both. Unused contributions to the HSA can earn interest and grow tax-deferred from year to year and can be used for future qualified medical expenses. You can think of the HSA as a "medical IRA."