Offered more choices, employees will switch health plans — but they're more likely to switch to a different provider of the same type plan than they are to switch the type of plan.
That's according to a study from the Employee Benefit Research Institute, which reviewed a single large employer that increased the number of health plans its employees could choose from.
In 2014, the employer offered an HSA-eligible health plan, an EPO, a PPO and an HMO, all with the same carrier. But in 2015, it added six new health plan choices: HSA-eligible plans, EPOs and PPOs from two additional carriers. This gave employees a total of 10 plans to choose from instead of the original four.
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