Can Defined Contribution Health Insurance Reduce Cost Growth? Ebri Form

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so you've probably heard about defined contribution what is it exactly and how does it benefit you a defined contribution plan is a simple and straightforward way to help you select your benefits your employer determines the amount they will contribute toward your insurance benefits and then you choose how to spend that money to get the package that best fits the needs of you and your family to make this process easy you will use an online tool to shop for insurance plans and determine how and where you should plan for health spending let's look at how a defined contribution plan could benefit three different employees eric amy and john eric is a young single guy in the sales department he's pretty healthy and doesn't go to the doctor very often this year he plans to get a new pair of glasses and go on a rock climbing trip eric selects a basic plan with a low monthly premium and a high deductible the extra money left over from his defined contribution rolls into a tax-free hsa he can u