CONSUMER DRIVEN

 HEALTH PLANS

Consumer Driven Health Plans (CDHPs) are an increasingly important alternative to the current way of providing medical health insurance.  Under traditional health care programs, Employers are faced with double-digit annual cost increases with no relief expected in the foreseeable future.  Employers cannot absorb the rising costs alone and in turn have begun reducing benefits and raising Employee contributions.  F. Darrell Lindsey specializes in providing Employers with very successful alternatives to control the increasingly high cost of providing healthcare benefits to their Employees.

The effectiveness of consumer-driven plans is to control costs, which rests on the ability and willingness of Employees to manage their medical care costs.  The solution is contingent on raising the awareness of Employees to the actual cost of healthcare.  Employers who attempt to cut costs by lengthening probationary periods, raising deductible or co-pays or severing benefits altogether are only offering short-term fixes.

The majority of Employees have no perception how much a doctors office visit actually costs.  If the co-pay is only $20 the employee will use the service as frequently as he or she sees fit, with the end result of increased utilization and cost of the employer’s plan.

By shifting the responsibility and part of the cost of health insurance onto the employee along with benefit plan design changes, such as higher deductibles, results in lower insurance premiums, because as employees become educated, utilization decreases and so does plan cost.

CONSUMER DRIVEN PLAN OPTIONS:

            ● Partially Self-Funded Medical Plans – Health Savings Accounts

            ● $5 Co-Pay Generic Rx Cards Carve Out

            ● Health Reimbursement Accounts

            ● $5 Co-Pay Generic Rx Cards Carve Out

            ● $10/$20/$40 Generic Brand Stand-Alone Prescription Drug Plan Carve Outs

            ● Stand-Alone Self-Funded Prescription Drug Plans

            ● Fully Insured Medical Plans starting at $49.99 per month

            ● High Deductible Plans

            ● National and Local PPO networks

● Medical, Dental, Vision and Rx Discount Cards for part-time and hourly employees.