Employers seek ways to save money in a difficult economic climate, and Employee benefit consultants can teach human resource managers about cost-effective health plan options.
Many businesses offer Consumer-Directed Health Plans (CDHPs) to employees as a money-saving alternative. CDHPs include high-deductible health plans for employees that feature personal health care spending accounts. The health plans can prove mutually beneficial for employers and workers because they offer many of the same benefits of traditional health care. However, employees can receive health coverage featuring a special fund they can use for specific health care expenses. CDHPs provide employees access to Health Savings Accounts, a tax-deferred savings account they can use to pay for medical expenses. In addition, CDHPs offer workers 100 percent preventative care coverage.
Companies receive benefits with CDHPs as well. Wellness programs associated with the plans allow workers to research health information, which could create a healthier workforce that is less susceptible to health risks and will lead to lower health care costs for workers and employers.
Employee benefits consulting can help human resource managers implement CDHPs in any business. The consultants offer information to help employers develop customizable solutions to suit their organizations' needs.
