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Why “high deductible” shouldn’t be treated like a dirty word

Benefit Resource Inc.

The term “high deductible health plan” has often carried with it a negative connotation for employees. According to a recent article from SHRM covering research from the Employees Benefit Research Institute (EBRI), enrollment in an HDHP promotes more conscious health care purchase decisions. In 2007, 17.4

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Disney Education Program Cuts and Funding Caps Revealed

HR Digest

Previously, Disneyland employees received tuition perks as one of the benefits of working at the organization, having educational opportunities available to them for free. This cap is the same as the IRS limit on tax-free benefits for educational assistance programs and is commonly followed by many organizations.

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HDHPs can cover more preventive services

Business Management Daily

An ounce of prevention may be worth a pound of cure, but up until this point, high-deductible health plans have been boxed in regarding tax-free reimbursements for most preventive care services or items. Reason: With certain exceptions, HDHPs can’t start reimbursing employees until they meet those high deductibles.

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% Popular HDHPs Create Plenty of Challenges for Employees.

401(k) 40
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Compliance checklist for HR professionals for year-end and beyond

PeopleStrategy

Assessing open enrollment and employees’ overall involvement in benefit offerings should be a big part of any year-end HR checklist. Obviously you and the providers you select for your benefit offerings need to know how many employees enroll in each plan.