A new study finds that most employees would have saved more in a consumer directed health plan versus a traditional health plan (such as a PPO) without compromising quality or convenience.
Research from Change Healthcare finds that, on average, employees could have saved $55 per month in total out-of-pocket costs (premium savings plus co-pays and co-insurance), while families could have saved $140 per month in total costs had they selected a CDHP.
The success of CDHPs for plan sponsors is driving more employers to offer them. Over the past two years, offerings of CDHPs have risen from 17 percent to 22 percent of all employers. Among jumbo and large employers, the percentages are significantly higher—59 percent and 36 percent respectively, according to Mercer research. But only 13 percent of employees who have the option are actually enrolled in a CDHP.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
