NU Online News Service, July 8, 10:10 a.m. - Empowered Benefits L.L.C., Charlotte, N.C., has started a new defined-contribution health insurance program.
Employers who sponsor defined-contribution health programs usually provide high-deductible indemnity insurance to protect employees against catastrophic medical expenses, then set up and fund “personal care accounts” to give employees control over some cash that they can use to pay ordinary medical expenses.