Many employers have increased health plan deductibles to manage costs, with some adding a high deductible health plan (HDHP). However, the resulting financial stress and delay in care can negatively impact workplace health, productivity, employee retention and ultimately the bottom line. Because of their limitations, HSAs have not effectively addressed these concerns. With BeneBoost, a supplemental health insurance plan that is HSA-compatible, you can help eliminate the perceived downsides of HDHPs.
*BeneBoost is a hospital indemnity plan providing confinement as well as additional out-patient indemnity benefits.
An employer-sponsored plan that delivers what HSAs and voluntary plans can’t.
Provides the extra protection of insurance with coverage for routine and unexpected medical expenses; benefits available from day 1.
Can be offered to all employees or select group(s) of employees; can offer to any enrollment tier (no need to match primary healthcare plan).
Can co-exist with HSA funding (if employee or employer want to fund HSA).
Most of us already know that the one-size-fits-all approach to employee benefits is over. Evolving employee needs and employer priorities have changed how HR must approach benefit diversity. In addition, for the first time in history, five generations are in the workforce at the same time. Each has its own set of age-and-stage needs, values […]
Read moreIf you’re struggling to hire or to hold onto your talent, you’re not alone. The Great Resignation is still going strong, and nearly 90% of companies are experiencing higher turnover rates than normal.1 Between July and December 2021, over 20 million people left their jobs.2 They’ve joined the millions who started the exodus in early […]
Read moreEmployers have increasingly turned to high deductible health plans (HDHPs) to contain benefit costs. In fact, according to recent research,1 almost 53% of workers with employer-sponsored health insurance were enrolled in HDHPs in 2020. It’s a trend that has accelerated steadily over the last seven years: in 2015, under 40% were enrolled.2 For employers, shifting […]
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