NU Online News Service, April 10, 3:06 p.m. – Definity Health Corp., Minneapolis, has won a contract to provide an optional defined-contribution health plan for Louisiana State University’s 28,000 employees.
Enrollment begins July 1.
Employers who use the Definity program buy high-deductible health insurance for employees and also contribute a set amount of cash to “personal care accounts” for participating employees. Employees can use the cash in the accounts to pay routine medical expenses.