Maximizing the Value of Your Consumer-Driven Health Plan
As the cost of health care continues to rise, its affordability is top of mind for everyone. Not surprisingly, consumer-driven health plans — introduced to help combat rising costs and provide members with more control over their health care expenditures — have increased in popularity. Over the years, many businesses have had to restructure their offerings, causing more interest in high-deductible health plans and health savings accounts.
In this one-hour on-demand webinar, human resource professionals will learn more about consumer-driven health plans, how they function and the roles that you, your health plan and employees play when implementing a consumer-driven health plan. Experts from Blue Cross Blue Shield of Michigan will share their expertise on what’s happening in the market with high-deductible health plans, the link between plan understanding and making informed decisions, and how that understanding can lead to higher satisfaction and lower costs.
Register to view this webinar by visiting the Master Class website.
This course is certified by the Human Resources Certification Institute® for continuing education credit and has been approved for 1 HR recertification credit hour through HR Certification Institute®.
During the webinar, participants will learn about alternative, cost-saving options for employees’ care, including consumer-driven health plans (CDHPs). These health benefits have emerged as a viable employee care option by way of high-deductible health plans (HDHPs), Health Savings Accounts (HSAs) or Health Reimbursement Arrangements (HRAs).
Consumer-driven health plans put employees in the driver’s seat of their health care, often presenting a lower-cost option to more traditional plans. On average, HDHP premiums were 42 percent lower than those of individual PPO premiums. It’s no wonder that 70 percent of large employers offered employees at least one high-deductible health plan this year as either an add-on to a traditional health plan or replacement for traditional coverage.
It’s important that businesses and employees stay abreast of constantly evolving trends in health care coverage. Get more information on this, and how to keep your employees informed, by visiting these other blogs:
- Managing Health Care Costs with Value Partnerships
- How Blue Cross is Reining in Health Care Costs and Improving Patient Outcomes
- Continuing Education: Keeping Employees In-the-Know About Health Care
Photo Credit: Tirachard Kumtanom