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AGENDA What is an HSA? Elements of Consumerism HSA Examples – Do the Math Resources

AGENDA What is an HSA? Elements of Consumerism HSA Examples – Do the Math Resources Studies – HSAs are working! HSA Usage Trends Health Reform and CDHPs. EDJohnson@FirstHorizon.com. Connect with Eric on Linked In! www.linkedin.com/in/ericjohnson262. 817-366-7536.

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AGENDA What is an HSA? Elements of Consumerism HSA Examples – Do the Math Resources

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  1. AGENDA What is an HSA? Elements of Consumerism HSA Examples – Do the Math Resources Studies – HSAs are working! HSA Usage Trends Health Reform and CDHPs EDJohnson@FirstHorizon.com Connect with Eric on Linked In! www.linkedin.com/in/ericjohnson262 817-366-7536

  2. Consumer-Directed Health Care (CDHC) Tracking the growth of CDHC

  3. Growth of consumer-directed health plans Enrollment in health plans that incorporate health savings accounts or other personal health accounts could increase exponentially with the new health reform legislation.

  4. Growth of consumer-directed health plans Among the most popular measures employers are using to lower their 2010 health care cost trend are eliminating higher-cost or more generous health plan options as a way to move employees into lower-cost options, such as high-deductible consumer-directed health plans. – Mercer L.L.C. annual survey Sep. 2009.

  5. Growth of consumer-directed health plans A majority of employers (83 percent) offer the HSA or HRA as an optional plan, while the remaining 17 percent have implemented a total replacement CDH program – AON Consulting Survey Nov. 2009

  6. Growth of consumer-directed health plans CDHPs grew at a rate of 33.9% this past year and now cover more employees (15.4%) than HMO plans (13.6%), – United Benefit Advisors (UBA) from its 2009 UBA Health Plan Survey.

  7. Consumer-Directed Health Care (CDHC) How are employers and consumers benefiting?

  8. Value of consumer-directed health plans • Fourth Annual CIGNA Choice Fund ExperienceStudy Dec 2009. • Analysis of claims data for two groups of customers: • 230,000 individuals were continuously enrolled in a CIGNA Choice Fund plan (CDHC) in 2007 and 2008. • 425,000 traditional HMO and PPO customers from the same employer groups served as a control group. • The study examined the total cost of claims for both employers and individuals. • “CIGNA” and the “Tree of Life” logo are registered service marks of CIGNA Intellectual Property, Inc.

  9. Value of consumer-directed health plans Key findings of the Fourth Annual CIGNA Choice Fund ExperienceStudy. Immediate and sustainable cost savings: CDHP medical costs are 14% less than traditional plans the first year, cumulative cost savings rise to 19% in the second year, 23% in the third year and 26% in the fourth year. “CIGNA” and the “Tree of Life” logo are registered service marks of CIGNA Intellectual Property, Inc.

  10. Value of consumer-directed health plans Key findings of the Fourth Annual CIGNA Choice Fund ExperienceStudy Use of preventive care increased: First-year preventive visits increased, and renewal-year visits remained significantly higher than traditional plans. CIGNA” and the “Tree of Life” logo are registered service marks of CIGNA Intellectual Property, Inc.

  11. Value of consumer-directed health plans Key findings of the Fourth Annual CIGNA Choice Fund ExperienceStudy. Use of best medical practices was constant or improved: Customers with CIGNA Choice Fund continued to receive recommended care at similar or better compliance rates as customers with traditional plans. “CIGNA” and the “Tree of Life” logo are registered service marks of CIGNA Intellectual Property, Inc.

  12. Value of consumer-directed health plans Key findings of the Fourth Annual CIGNA Choice Fund ExperienceStudy. Cost reduction for chronic diseases:Medical cost trend is between 15%-27% less for CIGNA Choice Fund customers with hypertension, joint disease and diabetes. “CIGNA” and the “Tree of Life” logo are registered service marks of CIGNA Intellectual Property, Inc.

  13. Value of consumer-directed health plans Key findings of the Fourth Annual CIGNA Choice Fund ExperienceStudy. More engaged in health management:Disease management program follow-through and completion rates are 22% higher among those in CIGNA Choice Fund plans than their counterparts in traditional plans. “CIGNA” and the “Tree of Life” logo are registered service marks of CIGNA Intellectual Property, Inc.

  14. Value of consumer-directed health plans Key findings of the Fourth Annual CIGNA Choice Fund ExperienceStudy. Medication compliance improved, while costs decreased: Use of maintenance medications that support chronic conditions increased while costs decreased, and enrollees’ use of generic drugs was at a higher rate than individuals in traditional plans.

  15. Value of consumer-directed health plans Key findings of the Fourth Annual CIGNA Choice Fund ExperienceStudy. According to CIGNA President and Chief Operating Officer, David M. Cordani , if the share of Americans enrolled in a CDHP rose from a current 18% to 50%, and the results of the CIGNA study were applied, theU.S. could achieve $350 billion dollars in savings over 10 years. “CIGNA” and the “Tree of Life” logo are registered service marks of CIGNA Intellectual Property, Inc.

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