As healthcare costs continue to consume a higher percentage of employer and household budgets, more employers are adjusting their benefit offerings to include high deductible health plans
High Deductible Health Plans
, however, have not been an option favored by employees.
Enrollment in high deductible health plans
and CDHPs have leveled off, according to research by the Employee Benefit Research Institute.
What high deductible health plans
look like: findings from a national survey of employers, 2005.
Increasing numbers of employers are finding that high deductible health plans
can provide significant premium savings over traditional health plans, and many employers automatically deposit this savings into Health Savings Accounts for their employees to pay for first dollar health care.
Health savings accounts (HSAs) coupled with high deductible health plans
have potential pitfalls, especially for families with low incomes or individuals with chronic health conditions, who are at greater risk of accruing burdensome medical debts and facing barriers to needed health care," said Commonwealth President Karen Davis.
Examples of CDHs include Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), and High Deductible Health Plans
The survey focused on the changes employers are making to their benefit programs such as offering more high deductible health plans
and how they are educating their employees about the Affordable Care Act (ACA) and health insurance marketplace (exchanges).
Health savings accounts coupled with high deductible health plans
have potential pitfalls, especially for families with low incomes or individuals with chronic health conditions, who are at greater risk of accruing burdensome medical debts and facing barriers to needed health care," Commonwealth Fund President Karen Davis said in a statement.
Answering the desire of members with certain cardiovascular risk factors to take charge of their health insurance, Premera Blue Cross announced today it will begin offering first-dollar coverage in 2007 on more than 130 generic medications used to reduce the risk of complications associated with high cholesterol and high blood pressure for members enrolled in High Deductible Health Plans
(HDHPs) qualified for use with Health Savings Accounts (HSAs).
1 /PRNewswire-FirstCall/ -- First Niagara has introduced Health Savings Accounts (HSA), a tax-advantaged bank savings account for those individuals covered under High Deductible Health Plans
2 will integrate with HSA custodians so payors can offer consumers a single enrollment process for HSA-eligible High Deductible Health Plans
and HSA accounts.