Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance > Life Insurance Strategies

Carrier To Pay Some Health Account Fees

Your article was successfully shared with the contacts you provided.

Principal Financial Group Inc. will continue to use discounts to persuade workers to open health savings accounts and health reimbursement arrangements.

Principal, Des Moines, Iowa, says it will pay setup fees for employees who buy new HSAs between Nov. 1 and Jan. 31, 2008.

Principal also will waive monthly HRA administration fees for 1 policy year for new insurance sales with effective dates between Nov. 1 and Jan. 31, 2008, Principal says.

If the HRA is sold with an extended rate guarantee, the monthly fee waiver can be extended to a maximum of 15 months, Principal says.

Principal was offering a similar program a year ago for group plan members who would be setting up HSAs or HRAs in late 2006 and early 2007.


© 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.