If the proposed Affordable Health Care Act (AHCA) bill becomes law, high-deductibles are expected to increase in popularity. “Republicans love HSAs,” said John Barlament at a recent Alliance Learning Circle event titled ACA Uncertainty.
Yet many health plan enrollees lack a good understanding of how high-deductible health plans (HDHPs) actually work.
An Abbvie white paper titled High Deductibles = High Risks? contains key considerations for employers and their employees about utilizing services in HDHPs.
- Member health care costs are rising, fueled in part by increasing deductibles.
- The percentage of members in high-deductible health plans has increased considerably.
- People may not fully understand how their health coverage and deductibles work.
- The majority of HDHP members are also not sure how to optimize their health savings accounts (HSAs).
- HDHP members may not be getting the care they need.
- Low health literacy may compound this behavior.
- High-wage HDHP members delay or forgo needed care.
- HDHPs can discourage utilization, for members with chronic conditions, even for preventive care.
Download the white paper here.