Consumer Driven Health Plans Help Consumers & Employers

Consumer driven health plans (CDHPs) help millions of American workers and their employers reduce healthcare expenses by shifting behaviors, rather than shifting costs. This trend continues to be validated in healthcare studies and by Sterling clients. With CDHPs, the evidence is clear that employee health utilization and employer healthcare premiums are reduced.

A long-time Sterling client, the Northern California Teamsters Trust, achieved these results with HSA plans (2013 data):

  • Medical costs were $861 per employee per year under the HSA plan vs. $1,076 under the traditional plan.
  • Drug costs were $62 per employee per year under the HSA plan vs. $154 under the traditional plan.

A recent Strategic Benefits—Health Care Survey (January 22, 2015), found that 19% of respondents offering employee coverage said CDHPs – including plans with health savings accounts (HSAs) and health reimbursement arrangements (HRAs) – are the most effective way of controlling the rising cost of health coverage.

Similarly, the Eighth Annual Cigna Choice Fund Experience Study (April 23, 2014) compared the claims experience of over 3.6 million Cigna customers enrolled in a CDHP, a traditional PPO or HMO health plan. The study found that people covered by CDHPs are more likely to “own” their health and health spending, resulting in improved total medical expenses by 12%. CDHP healthcare consumers:

  • Are more engaged – Nearly 50% are more likely to complete a health risk assessment and those with chronic illnesses are up to 41% more likely to participate in disease management.
  • Are more likely to manage their health benefits – 75% of CDHP customers use online tools to manage their health benefits and access information on care cost, quality and procedures.
  • Demonstrate lower health risks – Employers that transitioned to offering only a CDHP option had 14% more low-risk individuals and 28% fewer high-risk individuals compared to those in a traditional plan.
  • Reduce total medical costs – The CDHP medical cost trend was 12% lower than traditional plans during the first year. Employers did not shift out-of-pocket health expenses to employees in order to achieve reductions.

Both the Northern California Teamsters Trust and LA Mission, another Sterling client, discuss the advantages they realize with CDHP plans and Sterling HSAs. Go to the Sterling YouTube channel to hear in their own words how HSAs benefit their organizations:

Learn more about CDHP plans or call 800-617-4729. Our full suite of products includes HSA, HRA, FSA, POP, COBRA, ERISA Wrap, Form 5500 Filing and ACA compliance services.

Reminder: National Wear Red Day is Friday, February 6

Don’t forget! Tomorrow is National Wear Red Day.

Heart disease is not just a man’s disease.
Heart disease and stroke kill 1 in 3 women, yet it’s 80% preventable.

Help raise awareness to end this killer of women.

Make a change on National Wear Red Day and all year long!

  • Wear Red to show your support for saving women’s lives
  • Show how you Go Red on your social media profiles using #GoRed
  • You can also share your Go Red photos on Sterling’s Facebook page

Go Red for Women: Get Your Heart Score Today

Editor note: This article was originally published by the Go Red For Women Editors and appears here.

You’ve done research on heart disease. You know the basics about lifestyle, family history and daily habits. But do you know where you score in terms of heart health?

Survivor Amy Heinl admits she was a little clueless about whether she was healthy or not. And when she was diagnosed with heart disease, she was stunned.

“I really couldn’t believe this was happening to me,” she says. “My heart was the last thing on my mind (because) I thought of myself as a healthy person.”

Today, Amy urges women to be proactive about their health before it’s too late. After all, heart disease is preventable with the right information, education and care. Find out where you stand with the My Life Check.

Who should use this tool?

  • Anyone age 20 or older who doesn’t already have heart disease or diabetes
  • Anyone under 20 with a family member who had heart disease at an early age

What info do I need to use this tool?

  • Blood pressure numbers
  • Cholesterol levels
  • Blood sugar levels
  • Height, weight and waist circumference
  • Knowledge of your eating and exercise habits

If you don’t have some of this information, don’t worry; the tool has sliders to allow you to estimate. Just remember that your assessment will be much more accurate if you use your own data. So schedule an appointment with your healthcare provider to get tested.

Keep in mind that a positive score doesn’t necessarily mean you’re off the hook. Even one risk factor that isn’t treated can lead to a higher risk later in life. And women like Amy, who worked out daily and competed in races prior to her diagnosis, are living proof that you can be fit and be affected by heart disease.

“I think I had to go through this struggle to wake up and realize that things in my life needed to change,” says Amy, who today shares her story because she’s very aware that heart disease can happen to anyone. “But,” she says, “You can survive it. I’m proof of that.”

Knowledge is power. Use our risk assessment tool and get your heart score today.