To keep sky-rocketing insurance premiums under control, many small and mid-sized businesses have turned to High-Deductible Health Plans (HDHPs).
What is a High Deductible Health Plan (HDHP)?
A High Deductible Health Plan (HDHP) is a health insurance plan structured around a higher annual deductible in exchange for lower monthly premium payments.
While HDHPs lower monthly employer costs, they often pass massive out-of-pocket burdens onto employees. As a result, staff members delay preventive care, skip prescriptions, and avoid routine checkups simply because they can’t afford the $5,000 deductible.
This delay in care is a ticking time bomb for employers. Unmanaged chronic conditions like high blood pressure, diabetes, and stress can easily become expensive hospital stays and catastrophic claims that drive up insurance premiums for employers the following year.
Pairing Member Medical with a high-deductible health plan provides the ultimate balance. Employees get unlimited primary care, preventive screenings, affordable lab work, and $0 copays through their membership, while the HDHP serves as a safety net for major surgeries or hospitalizations. It lowers total benefit costs while dramatically improving employee access to care.
