Case Studies: Organizations Benefit from CDHPs with an HSA
Are you considering a consumer driven health plan (CDHP) with a health savings account (HSA) offering in your organization?
Or looking for ideas to increase adoption of your current CDHP offering with an HSA?
To gain more insight into how to tackle these questions, view one of our case studies below. It may be intriguing to you to see how Further has helped transition other organizations to a CDHP with an HSA, and how they have benefited.
Here are a few of the highlights:
- Advantage Management decided to overhaul its health care offering, and today it is able to offer a robust wellness program (including gym memberships and onsite aerobics) using the funds it saved from implementing a consumer-driven health plan that included an HSA replacement.
- Today, more than 1,204 employees at Advantage Management participate in the plan and use the HSA – and almost half are contributing their own money into their HSAs.
- Washington County boosted enrollment in its HSA from 7% to 56% by switching HSA administration to Further.
- Washington County is now collaborating with Further to keep employees informed by hosting seminars to teach people how to shop for care, how to compare costs at clinics, using apps to find care, and even how to shop around for more affordable prescriptions.
Helping employees understand and adopt a CDHP with an HSA – when they have other options – challenges employers in many industries. To help, Emily McAuliffe, Further’s Chief Marketing Officer, penned an article for HR Daily Advisor offering 23 tips to boost employee adoption of CDHPs and HSAs. To get started, read that here.