News Headlines Article

Just 10% of employers think workers understand their health plans
HR Dive

Dive Brief:

  • Just 10% of employers believe workers understand their health plans, according to a new HSA Bank white paper. The report, “Are your employees selecting the right health plan?,” focuses on how employees select their health plans and how they comprehend them.
  • The report provides employers with insights revealing why employees choose plans that don’t provide them the best benefits, how they can help workers to assess health plans to make the best choice, and how employers can help workers during the plan selection process.
  • HSA Bank, a division of Webster Bank, said employees might choose the wrong plans because they are uncertain about plan cost-sharing amounts, fear high deductibles or out-of-pocket maximums, or lack a plan evaluation.