Consumer Driven Healthcare
In recent years, consumer driven health care (CDHC) has been growing more and more popular with employers. While CDHC does not shift costs to employees, it does encourage them to examine costs, benefits and quality of health care by allowing them to control their medical spending. CDHC systems utilize health savings accounts (HSAs), health reimbursement accounts (HRAs) or other similar medical payment products paired with high deductible health plans (HDHP) that offer employees and their families protection from expenses related to catastrophic medical events.
As your employees become more conscious of their medical spending, typically their behavior towards medical care will also change in the following ways:
- More thorough discussions with doctors concerning treatment options
- Seeking out the best quality and value of treatments, procedures and associated costs
- Higher utilization of low-cost or no-cost care options, such as preventive care
Allowing employees to have this control over their costs and health care decisions can lead to better overall health, which in turn can drive down costs - benefiting the employee as well as the health plan and the employer.
At WSC, we'll work with you to explore the best health care options for you and your workforce, including possible CDHC products that may be right for your business.