Consumer-Directed Health Plan Unveiled

October 2, 2002 ( - America's Choice Healthplans, Inc. and CareGain, Inc. will join forces in order to offer HealthAssets, a portable consumer-directed healthcare benefit plan.

According to an announcement from the companies, the partnership combines America’s Choice health plan administrative experience with CareGain’s prior work online.

The companies contended that a company offering HealthAssets might well save money by giving employees a vested interest in managing their own health care benefit plan.

America’s Choice will make HealthAssets available for the 2003 open enrollment period. HealthAssets will be available as a complete replacement plan or alongside other plan options for all companies with more than 50 employees, the announcement said.