MedCity News February 2, 2024
One new solution that’s becoming an emerging standard is the Health Payment Account (HPA). HPAs offer employees a line of interest-free credit that employees can use to pay for care expenses up-front.
Employer-provided insurance costs are projected to rise by 7 percent in 2024. And the consequences are dire. As of 2022, about half of US adults reported difficulty paying for healthcare. Whether you’re an employer who pays your employees’ premiums or a patient soon to reach your out-of-pocket maximum, chances are you feel the burden.
There’s no doubt: benefits leaders need new ways to cope with rising health insurance premiums while also keeping their benefits offerings attractive to their employees and talent they may need to hire in the...
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