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November 12, 2002 at 07:00 PM
NU Online News Service, Nov. 12, 9:41 a.m. – PacifiCare Health Systems Inc., Cypress, Calif., is setting up a defined-contribution health plan that will open for business Jan. 1, 2003.
The plan, which will be offered to employers with more than 250 employees, combines high-deductible preferred provider plan coverage with employer-funded personal care accounts that can be used to pay for routine care.
The accounts are set up so that participants can roll over a portion of the unused funds from year to year.
