Principal Enhances Health Care Offerings

July 31, 2006 ( - The Principal Financial Group is providing an enhanced health reimbursement arrangement (HRA) that can integrate with a health savings account (HSA).

In its announcement, The Principal said it offers a single-source solution utilizing its capabilities in health insurance, banking services and investment management.

In addition, The Principal announced two new developments to the Principal HealthyEssentials program: the inclusion of companies with 26 or more employees and availability in three additional states – Arizona, Pennsylvania and Virginia. 

The company also said its Treatment Cost Advisor (See Principal Tool Provides Prices of Health Care Procedures ), an online tool allowing members to evaluate the price of specific procedures and medications, is now available for all health insurance members. 

The Principal recently introduced Principal Direct Connect HSA service, which allows employers to make contributions electronically into employees’ HSAs (See Principal Service Simplifies HSA Administration ) and extended HSA offerings to additional companies including insurers, third party administrators and investment firms.

More information can be found at .