Defined Contribution Insurance Plan

FunHRBanker

We would like to research a defined contribution insurance plan. I'm not even sure where to start! Any pointers would be greatly appreciated.

LarryC

Don't know what you mean there, Fun. I've heard of defined contribution retirement plans, but not defined contribution insurance plans.

FunHRBanker

We would like to have a full "cafeteria" plan outside of medical insurance. We're looking into a HDHP in which the ER would pay the entire amount of premium and then offer say $3000 for the ee to spend as they choose (put in HSA, buy extra life insurance, dental insurance, long-term care, etc.). I'm just not sure exactly where to start my research!

LarryC

Ok, now I get it, Fun. Thanks.

Your broker or administrator for your HDHP would be your link to the HSA. The other products you describe look to be what's called "supplemental insurance". This is offered through people like Colonial, AFLAC, etc. Hope this helps.