We're celebrating 10 Days of Membership! Today's Gift: $20 off your professional membership with promo 10DAYS20OFF
Training, policies and tools to help HR prevent and respond to harassment claims.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Develop your HR competencies and knowledge in-person in 12 U.S. cities or virtually.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
Study Cautions that High-Deductible Plans Led Sick Patients to Skip Care
New research shows that when faced with a higher deductible, patients did not price shop for a better deal. Instead, both healthy and sick patients used less health care. “People who are the most likely to go past the deductible also cut back by the most, and they did that entirely under the deductible,” the researchers said, raising the possibility that higher deductibles don't lead to smarter shoppers but rather, in the long run, sicker patients. Workers with high deductibles did use less "potentially wasteful care," like imaging services, but they also cut back on "potentially valuable care," like preventive visits. (Vox.com)
Cutting Back on Health Care Services Can Be a Good Thing, Some ContendWhile those enrolled in health plans whose deductible equaled 5 percent or more of their income said they avoided a doctor or a test when they were sick, “This is not necessarily bad,” said market-oriented health policy expert John Goodman. “Roughly one-third of doctor visits are probably unnecessary. And loads of tests could easily be done without.” He added, “With a reasonably funded health savings account, the patient will forgo care only if the expected benefits are less than the expected costs. She will not forgo care for lack of money.” (Forbes)
CDHP Cost-Savings Maintained Over TimeConsumer-directed health plans (CDHPs) have aided employers in containing health care costs without necessarily leading to more expensive health care for patients, according to a 2015 working paper. CDHPs combine high deductibles and tax-preferred savings accounts that can be used to pay out-of-pocket expenses. Annual health care spending was 6.6 percent, 4.3 percent and 3.4 percent lower on average for the first three years respectively for companies with CDHPs when compared to companies without them. (SHRM Online)
How to Explain High-Deductible Plans More companies are making high-deductible health plans (HDHPs) an option—or, increasingly, the sole choice—for employer-sponsored health coverage. So it’s important to provide clear communication that helps employees understand how HDHPs operate and whether the plans are right for them. For instance, outline different situations to help employees better understand how the cost of care can vary greatly between providers, and note that most health insurance companies now provide price-estimation tools. (SHRM Online)
Stephen Miller, CEBS, is an online editor/manager for SHRM.
Follow me on Twitter.
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Five key facts about High-energy visible (HEV) a.k.a. “blue light”
Choose from dozens of free webcasts on the most timely HR topics.
SHRM’s HR Vendor Directory contains over 3,200 companies