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June 2009
CDHC Solutions Today delivers the latest news and trends from leaders and experts.
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GOLD SPONSOR FEATURE
Trends, Utilization and Costs of Consumer-Driven Health Care Accounts
By Pradeep Goel, President and CEO, Consumer Health Technologies
Since the enactment of the Medicare Modernization Act by the Congress in 2003 allowing for the establishment of Health Savings Accounts (HSAs), the consumer driven health care (CDHC) industry has seen unprecedented growth in accounts-based coverage designed to empower health care consumers. Recent industry data on costs and utilization trends in HSA and Health Reimbursement Account (HRA) plan options suggest that employer plan options and employee enrollment patterns will indeed progress. The current trend is well poised to accelerate as more employers expand the offering of CDHC based accounts or choose to implement full replacement coverage, forcing employees to adopt a high deductible health plan and bear more responsibility for the cost and therefore spend more consciously. As a result of the shift in employer-sponsored health plan options and choices; the CDHC industry will continue to see dramatic changes in the cost and utilization of account-based plans.
Nominate Superstars for the annual Solutions Superstars awards issue at CDHC Solutions Online! Submissions are due by June 12!
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