PLANSPONSOR - December 2017/January 2018 - 17
HDHP
Participants
As Better
Consumers
WHILE the move to high-deductible
health plans (HDHPs) is meant to reduce
employer health benefit costs, it also has
the goal of helping employees reduce
their own health care costs by becoming
better health care consumers.
However, research published on
The JAMA Network found that few individuals
enrolled in HDHPs in the U.S.
are engaging in behaviors identified
with being a good consumer, and those
who are could be realizing more benefits.
When looking at the total 1,637
participants in the research, the most
common consumer behavior was saving
for future health services (40%), followed
by talking with a provider about the cost
of a service (25%), comparing prices
(14%), comparing quality (14%) and
trying to negotiate a price for a service
(6%). Prescription drugs and outpatient
visits were the most common services
for which individuals engaged in a
consumer behavior.
The researchers say there are a
number of ways in which consumer
behaviors could be encouraged among,
and made more helpful to, individuals
enrolled in high-deductible health plans.
Providers could help patients anticipate
services they may need in the future
so they can try to save for them. Health
systems could make prices for services
available at the point of care to facilitate
patient and clinician conversations about
cost. In addition, employers and insurers
could go beyond disseminating price
information to help patients learn how
to use that information in health care
decisions.
TALKING POINTS
Sacrificial Spending Decisions...
... Millennials are willing to make, to have more money in the
long run:
54%
to cut back
on going
out
Source: Merrill Edge Report
403(b) Plan Usage Drops
The number of health care organizations with
403(b) plans dropped from 88% in 2015 to 72%
in 2016, while those sponsoring 401(k) plans
rose from 38% to 49%.
Source: Transamerica
How IRAs Grow
More than one-third of U.S. households
indicated they owned individual retirement
accounts in mid-2017. Savers invest in
traditional IRAs through contributions and
rollovers-transfers of assets from employersponsored
retirement plans, such as 401(k)s.
Source: The Investment Company Institute
" Such efforts will become increasingly
important as enrollment in HDHPs
continues to increase and could become
essential if modifications to the structure
or implementation of the Affordable Care
Act [ACA] accelerate patients' exposure
to high cost-sharing, " the researchers
conclude. -Rebecca Moore
42%
to skip
vacation
for a year
38%
to save over
50% of their
paycheck
33%
to postpone
marriage and
children
PLANSPONSOR.com December 2017-January 2018 17
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PLANSPONSOR - December 2017/January 2018
Table of Contents for the Digital Edition of PLANSPONSOR - December 2017/January 2018
A QDIA in Transition
An Unseen Challenge
Alternative Assets in TDFs
Active or Passive Strategies
Boosting Employee Savings
Selective Mining
Future Shock
PLANSPONSOR - December 2017/January 2018 - Cover1
PLANSPONSOR - December 2017/January 2018 - Cover2
PLANSPONSOR - December 2017/January 2018 - 1
PLANSPONSOR - December 2017/January 2018 - 2
PLANSPONSOR - December 2017/January 2018 - 3
PLANSPONSOR - December 2017/January 2018 - 4
PLANSPONSOR - December 2017/January 2018 - 5
PLANSPONSOR - December 2017/January 2018 - 6
PLANSPONSOR - December 2017/January 2018 - 7
PLANSPONSOR - December 2017/January 2018 - 8
PLANSPONSOR - December 2017/January 2018 - 9
PLANSPONSOR - December 2017/January 2018 - 10
PLANSPONSOR - December 2017/January 2018 - 11
PLANSPONSOR - December 2017/January 2018 - 12
PLANSPONSOR - December 2017/January 2018 - 13
PLANSPONSOR - December 2017/January 2018 - 14
PLANSPONSOR - December 2017/January 2018 - 15
PLANSPONSOR - December 2017/January 2018 - 16
PLANSPONSOR - December 2017/January 2018 - 17
PLANSPONSOR - December 2017/January 2018 - 18
PLANSPONSOR - December 2017/January 2018 - 19
PLANSPONSOR - December 2017/January 2018 - A QDIA in Transition
PLANSPONSOR - December 2017/January 2018 - 21
PLANSPONSOR - December 2017/January 2018 - 22
PLANSPONSOR - December 2017/January 2018 - 23
PLANSPONSOR - December 2017/January 2018 - 24
PLANSPONSOR - December 2017/January 2018 - 25
PLANSPONSOR - December 2017/January 2018 - An Unseen Challenge
PLANSPONSOR - December 2017/January 2018 - 27
PLANSPONSOR - December 2017/January 2018 - 28
PLANSPONSOR - December 2017/January 2018 - 29
PLANSPONSOR - December 2017/January 2018 - 30
PLANSPONSOR - December 2017/January 2018 - 31
PLANSPONSOR - December 2017/January 2018 - Alternative Assets in TDFs
PLANSPONSOR - December 2017/January 2018 - 33
PLANSPONSOR - December 2017/January 2018 - Active or Passive Strategies
PLANSPONSOR - December 2017/January 2018 - 35
PLANSPONSOR - December 2017/January 2018 - Boosting Employee Savings
PLANSPONSOR - December 2017/January 2018 - 37
PLANSPONSOR - December 2017/January 2018 - 38
PLANSPONSOR - December 2017/January 2018 - 39
PLANSPONSOR - December 2017/January 2018 - 40
PLANSPONSOR - December 2017/January 2018 - 41
PLANSPONSOR - December 2017/January 2018 - Selective Mining
PLANSPONSOR - December 2017/January 2018 - 43
PLANSPONSOR - December 2017/January 2018 - Future Shock
PLANSPONSOR - December 2017/January 2018 - 45
PLANSPONSOR - December 2017/January 2018 - 46
PLANSPONSOR - December 2017/January 2018 - 47
PLANSPONSOR - December 2017/January 2018 - 48
PLANSPONSOR - December 2017/January 2018 - Cover3
PLANSPONSOR - December 2017/January 2018 - Cover4
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