Podcast Center
Video Center
Webcasts
Resource Center
Events
February 03, 2004 at 07:00 PM
NU Online News Service, Feb. 3, 2004, 1:17 p.m. EST – Principal Financial Group Inc., Des Moines, Iowa, has come up with an alternative to health reimbursement arrangements.[@@]
Principal has designed its new Principal Reimbursement Arrangement accounts for small and midsize employers that want to contribute to personal health arrangements for employees.
The accounts resemble HRAs. Principal will sell the arrangements along with high-deductible health insurance, and employees can roll unused funds over from one year to the next. But the arrangements are different from HRAs because Principal will fund the accounts using the employer’s premium payments.
