Getting geared up for open enrollment? Organizations everywhere are reviewing benefit offerings and preparing their process for this annual fall ritual. Employers are seeking to balance their healthcare spend with providing the support their diverse workforce needs.
A key strategy that remains popular with organizations is offering consumer directed health plans (CDHP). These plans are often paired with a health savings account or a flexible spending account. The percentage of employees enrolling in HDHPs has been increasing steadily over the past five years. Driving the trend, is the savings employees see with the average monthly paycheck deduction for individual-only coverage in a HDHP at about $90, compared to $140 for a PPO plan.
What role does the consumer play in consumer-driven healthcare? Industry experts discuss the new expectations and capabilities of consumers in making educated healthcare choices in today’s marketplace.
Wellness program efforts appear to have caught on as the vast majority of U.S. companies are currently offering at least one wellness initiative, according to recent findings in the Workplace Wellness Trends: 2017 Survey Results. Nine out of 10 organizations to be exact, which is an impressive number, but so is their rationale for doing so.
Nearly three-quarters of businesses offer wellness programs primarily to improve overall workforce health and wellbeing. From this survey it’s clear there has been a transition away from merely trying to control or reduce health costs with wellness offerings. This is further evidenced by wellness efforts that now extend beyond physical health to address community and social health, employee growth and mental health. Continue reading
Continued uncertainty surrounds the Affordable Care Act repeal and replacement efforts. Last Friday morning the Senate voted down 49-51 the Health Care Freedom Act known as the “skinny repeal” legislation, failing to win the necessary support of three Republicans.
The past week involved heated days of legislative activity around healthcare reform. Senators debated and voted on the Obamacare Repeal Reconciliation Act (ORRA), which failed 45-55. This bill would have annulled the law and allowed Congress two additional years to replace it.