Out-of-pocket costs can be a pain in the budget for manyemployees.
Health savings accounts have traditionally offered employeessome relief, but many employees don’t have the means to adequatelypre-fund their HSA. That’s why employers are increasingly turningto supplemental medical insurance to fill gaps and provide asolution that works for all employees.
Managing rising deductibles
The percentage of Americans in high-deductible health plans hasskyrocketed in recent years, with more than 50 million Americans currentlyenrolled in these plans. As more employers migrate tohigh-deductible options, employee participation in those plans isgrowing exponentially.
Not surprisingly, employees’ out-of-pockets costs are rising aswell. Over the past five years, employee responsibility fordeductibles, co-pays and co-insurance has increased. Deductibles alone have increased a whopping 86%in this time frame.
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