Benefits of CDH to the Employer
Consumer directed health care yields many benefits for the employee and the employer. For decades, employers have assumed a great responsibility for paying the cost of healthcare for their employees. The cost of this financial burden has increased every year and has become a larger percentage of the employer’s cost of doing business. The concept of CDH offers employers the promise of getting spiraling healthcare costs under control. Some of the ways employers benefit from CDH include employees become aware of the total cost being paid by the employer, employees take more responsibility for their own healthcare decisions, a better educated consumer usually makes better buying decisions, the overall cost of care to the employer comes down. One of the most important benefits is that employees now see their personal healthcare as their responsibility, not their employers.
Benefits of CDH to the Employee
CDH is not only about reducing expenses for the employer and payer. CDH brings several benefits to the employees as well. Employees feel more in control of their health care and that of their family. Employees become more knowledgeable about healthcare. CDH online tools allow employees to easily access information about claims and fund balance. This helps them easily manage their healthcare finances. Best of all, CDH presents its employees with more healthcare options so that they can select services that are right for them.