The Principal Financial Group Picks Up the Tab On Health Savings Account Fees.DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, -- The Principal Financial Group([R]) is lowering the cost of consumer driven healthcare for the second year in a row. In an effort to make these products even more affordable, The Principal([R]) will pay certain customer fees on health savings accounts (HSAs) and health reimbursement arrangements (HRAs) for a limited time. "As employers evaluate health care coverage for 2008, more employers than ever before will consider consumer driven health care. We want to make this decision easier by removing some of the expense," said Jerry Ripperger, director of consumer health for the Principal Financial Group. "We're excited to offer additional savings because we know consumer driven health care works. Employers are experiencing lower health care costs and more importantly, their employees are becoming engaged in making good health and healthcare choices." For a limited time, account set-up fees will be paid for health savings accounts. This applies to Principal health savings accounts sold in conjunction with a new qualified high deductible health plan A High Deductible Health Plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. It is sometimes referred to as a catastrophic health insurance plan. from The Principal with an effective date between November 1, 2007 and January 31, 2008. Monthly administration fees on health reimbursement arrangements will also be paid for one policy year for all new insurance sales with the same effective dates. If the HRA HRA Health Reimbursement Arrangement HRA Health Risk Assessment HRA Housing and Redevelopment Authority HRA Human Resources Administration HRA Health Reimbursement Account HRA Housing Revenue Account is sold with an extended rate guarantee, the monthly fee waiver can be extended to a maximum of 15 months. For more information about consumer driven health care products from The Principal, visit www.principal.com/health/hsa.htm or contact your local Principal Financial Group representative. About the Principal Financial Group The Principal Financial Group([R])(The Principal ([R]))1 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies. A member of the Fortune 500, the Principal Financial Group has $282.1 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. 2and serves some 18.1 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors PFG PFG Principal Financial Group PFG Performance Food Group (Richmond, VA) PFG Pinnacle Financial Group PFG Plasma Flood Gun PFG Planning for Growth PFG Pasty Faced Geek PFG Perfluoroguanidine . For more information, visit www.principal.com. Insurance products and services issued by Principal Life Insurance Company 1 "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. 2 As of June 30, 2007 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion