Lower healthcare benefit expenses
Employers spend about $20,000 per five member family for a year’s worth of health insurance coverage. However, after factoring in co-pays, deductibles, pre-existing exclusions and noncovered services most of their employees are paying for their day-to-day healthcare needs while their insurance plan commonly fails to kick in. Employers may get better value by focusing on high-deductible or true catastrophic care plans and allowing their employees to cover their own routine healthcare expenses through a cost-transparent healthcare marketplace site like www.HEALTHdrum.com
Below are some of the key benefits for employers of self pay for routine care.
- Cut health insurance costs by moving health benefits to high-deductible plans or true catastrophic care plans
- HSA/HRA/FSA contributions or alternatives help offset employee out-of-pocket healthcare expenses
- HSA/HRA/FSA usage by employees incentivizes them to budget and manage routine healthcare costs
- Consumer-directed care encourages the adoption of preventive care practices and healthy lifestyle choices
- No controlling networks
- No enrollment periods
- Limits the wrangling and comparing of health plans that are confusing by design
- Limits burdensome health plan rules
- Abandons need for tiering of health benefits into different price classes
- Bypasses the gatekeepers who don’t improve health
- Part-time employees and gig workers get access to affordable, as-needed, cost-transparent care
Visit www.HEALTHdrum.com join our healthcare community and find solutions to lowering healthcare costs.
Written by HEALTHdrum