NU Online News Service, April 3, 11:45 a.m. – Blue Cross & Blue Shield United of Wisconsin, Milwaukee, a unit of Cobalt Corp., is now selling a defined contribution health insurance program, the FreedomBlue program, to employers in Wisconsin.
Employers that use the program can combine one of three different types of high-deductible health insurance with flexible spending accounts.
Employers and employees can use the FSAs to set aside pre-tax income for routine health care expenses not covered by the insurance. Employers will save 7.65% in payroll taxes, and employees can save up to 30%, Wisconsin Blue says.
The health insurance policies sold through the program include access to the Blue Cross and Blue Shield Association’s global BlueCard preferred-provider network, Wisconsin Blue notes.