HDHP

Waving HDHP Deductibles Has Little Effect on Premiums, Study Says

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2.5 minute read Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. That’s the finding of a new study from the Employee Benefit Research Institute (EBRI). The reason: According to research …

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health savings

Put Money into an HSA instead of a 401(k) After Employer Matching: Report

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3 minute read One of the main recommendations for employees with 401(k) plans is that they should contribute at least enough to their plan every paycheck to ensure they receive the maximum they can in their employer’s matching contributions. But a new study by Willis Towers Watson recommends that younger, healthier workers should divert savings …

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coronavirus mask

IRS Allows HDHPs to Pay for COVID-19 Testing, Treatment Pre-Deductible

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The IRS has issued new emergency guidance that allows insurers to waive the cost of coronavirus testing and treatment for individuals who are enrolled in high-deductible health plans (HDHPs). Major health insurers report they’ve been concerned that if they can make the change to their high-deductible plans without breaching IRS regulations regarding such plans.  Specifically, …

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HDHP

Employers Rethink HDHPs as More People Struggle with Medical Bills

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As the number of employers offering high-deductible health plans continues growing, the spotlight recently has highlighted an inconvenient truth: some employees are going broke and filing bankruptcy because they cannot afford all of the out-of-pocket expenses and deductibles they must pay in these plans – just like the bad old days in the 1990s and …

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