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Consumer-Driven Approach Appealing To More Businesses

05/03/11

  04:50:29 pm, by MedBen5   , 198 words,  
Categories: News, Health Plan Management

Consumer-Driven Approach Appealing To More Businesses

Medical News Today reports that consumer-driven health plans continue to grow in popularity. According to a Mercer study commissioned by the American Association of Preferred Provider Organizations (AAPPO), CDHP enrollments rose from 23 million in 2009 to 28 million in 2010 – an increase of 22%. Very big businesses in particular find the plans appealing – over half of companies with over 20,000 employees now offer a CDHP.

“Last year’s economic slowdown combined with the rising cost of health care forced employers of all sizes to seek innovative ways to reduce what they spend to cover their employees. Given the cost savings inherent in the consumer-directed model, it’s clear that employers – especially our largest ones – are increasingly looking to CDHPs to do that” said Karen Greenrose, AAPPO President and CEO.

MedBen offers CDHPs across all group sizes. Our options include Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs) along with high-deductible health plans. And, participants can manage their accounts right online.

MedBen clients who have implemented proven consumer-driven strategies are experiencing significant claims savings. To learn more about what CDHPs can do for your business, contact Vice President of Sales and Marketing Brian Fargus at 888-627-8683.

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