The realities of HDHPs and deductibles

Did you know that half of U.S. employees say they would not be able to pay an unexpected medical bill that came to $500 out of pocket?¹  

It’s not just the uninsured or self-insured who worry. Those with employer-sponsored health insurance do, too. As more employers move to HDHPs and deductibles are pushed ever higher, the financial strain can have unintended consequences with serious results. 

HSAs are not the answer. Employees need and value the security of insured coverage, but employers must protect the benefits budget. There’s another answer that’s a win-win for employers and employees, and it won’t break the budget.

Start by taking a look at these numbers on the unintended consequences of HDHPs.

¹(KFF, 2022)

ArmadaCare’s supplemental health insurance policies are underwritten by SiriusPoint America Insurance Company and Transamerica Life Insurance Company. Insurance plans and coverages vary by state. Please contact us to confirm state availability.