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November 24, 2011
Health Savings Accounts Encourage Cost Management
A survey from Mercer, an international HR firm, shows that the number of employers providing Health Savings Accounts has significantly increased. There's also been an increase in the number of HSA plans started by individuals.
Susan Connolly, a partner in Mercer’s Boston office, says that HSA plans are on the increase because the impact of increasing medical costs and overuse and misuse of health care services is taking a huge toll.
With a Health Savings Account, the high-deductible health plans keep premiums low, but also shift cost management from providers to patients. The insured is paying for some of their own health care and has to balance the cost versus the benefit received.
The insured also has more incentive to seek out less expensive services, such as wholesale imaging and lab work from companies that work directly with the public. To find out more about reducing health care costs with HSA Plans, listen to the expert debate and question and answer session during our next free teleseminar.
Posted by Wiley Long at November 24, 2011 10:37 AM