Close Close

Life Health > Health Insurance

Wisconsin Blue Adds Defined Contribution Plans

Your article was successfully shared with the contacts you provided.

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.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.