TRADITIONALLY, consumers in, well, traditional plans tend to be way more satisfied with their health plan than others with less traditional plans, such as a high-deductible health plan
or a consumer-driven health plan.
A high-deductible health plan
linked with health savings accounts reduced health spending initially and over a four-year period, according to new research from the Employee Benefit Research Institute.
employees were enrolled in the high-deductible health plan
An HSA works with a high-deductible health plan
that provides comprehensive health care coverage at a lower cost.
Annual limitations on deductibles for individual coverage under a high-deductible health plan
are $3,050, while family coverage limits are $6,150.
The employer allocated an additional $500,000 to help fund the employees' health savings accounts, putting in $600 for a single employee and $1,200 for each family Employees attended meetings to learn how the high-deductible health plan
and health savings account would benefit them.
The bull of health plans' business remains in managed care, and they realize that when they do a consumer-directed strategy that it's not a narrow, new consumer-directed health plan or a high-deductible health plan
strategy, but it's about the entire company and how what's traditionally been a B2B [business-to-business] company makes the transition to a B2C [business-to-consumer] company with a two-step sale through the employer to the individual," Knott said.
And considering the premium on a high-deductible health plan
is significantly less, employers will not have to spend as much on health insurance policies.
The survey found that 20% of employers that offer health insurance currently provide a high-deductible health plan
An HSA program has two parts: a high-deductible health plan
(which usually costs less than other health plans) and a tax-advantaged, portable savings account for payment of current medical expenses which builds like a medical individual retirement account (IRA).
The HSA can be paired with a qualified high-deductible health plan
(a minimum of $1,000 individual, $2,000 Family).
GIT will offer a high-deductible health plan