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How is a CDHP different from a traditional health insurance plan

How is a CDHP different from a traditional health insurance plan? A CDHP plan is designed to make you a better health care consumer. It requires that you take responsibility for your healthcare understanding the true cost of care (vs just a portion of the cost) which will lead you to understand the value of the services you receive.

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Are CDHPs & HDHPs the same thing

WEBA CDHP is the combination of an HDHP paired with a healthcare account. The HDHP component of a CDHP is often referred to as “catastrophic insurance,” because the …

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Are HSAs considered an Employee Retirement Income Security Act …

WEBThe Employee Retirement Income Security Act (ERISA) of 1974 applies to all employer-sponsored health insurance coverage and other benefit plans offered to employees by …

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What is a qualified high-deductible health plan (QHDHP)

WEBCoaches' Takeaway. A QHDHP is defined by the Internal Revenue Service (IRS) every year. In 2017, it is designed with an individual deductible of no less than $1,300 for an …

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What is a Consumer Driven Health Plan (CDHP)

WEBA CDHP is a comprehensive health insurance plan that combines a lower-premium, high-deductible health plan (HDHP) with a tax-preferred healthcare account. The money …

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How do deductibles work in a CDHP

WEBA deductible is the amount of financial responsibility you have to satisfy before your insurer pays any claims on your behalf. (Please note that claims for preventive care are usually …

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Why are wellness plans and preventive care a primary focus for my …

WEBThe workplace is an ideal environment in which to build a culture of health and wellness. Helping your employees adopt healthier lifestyles could have a profound effect on your …

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What are the Healthcare Account Structures

WEBThere are three types of CDHP healthcare account structures, each with their own unique benefits and limitations: flexible spending accounts ( FSAs ); health reimbursement …

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What is a non-qualified high deductible health plan (NQHDHP)

WEBA non-qualified high deductible health plan (NQHDHP) is a health insurance plan with lower premiums and higher deductibles than many traditional health plans. A NQHDHP …

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What are the rules associated with offering a wellness program to …

WEBA Health Contingent wellness program must follow certain rules and guidelines. The Department of Labor has laid out the criteria for these types of plans because they …

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What are the features and benefits of a healthcare account

WEBHealthcare accounts are a tax-preferred vehicle used to pay for qualified medical expenses. They help consumers pay for qualified healthcare expenses with pre-tax dollars, …

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As an employer, what choices do I have regarding health benefits …

WEBThere are four levels of actuarial value for a qualified health plan, ranging from 60% upward to 90%. If an employer does not offer a qualified health plan or does not meet the …

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Can you enroll in a CDHP without an HSA account

WEBA CDHP isn’t a CDHP without a healthcare account, but a CDHP doesn’t have to be structured with a Health Savings Account (HSA) in order to be a CDHP. HSAs are …

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How does a limited-purpose health care spending account work

WEBA limited-purpose health care spending account works just like a general-purpose health care flexible spending account except that it may be used only for preventive care visits, …

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What if a spouse who has a health saving account dies

WEBCoaches' Takeaway. If the spouse of a deceased person has an HSA account, then any funds are transferred from the deceased spouse to that of the living spouse, and normal …

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What is a deductible

WEBA deductible is the minimum amount the employee must pay before the insurance company will begin to make payments (above and beyond the deductible) for covered medical …

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What are the best practices for health and wellness

WEBThe Wellness Council of America (WELCOA), an organization dedicated to the promotion of worksite wellness, has identified the seven best practices (the Seven Cs) for employers …

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Is an HSA a Trust

WEBNo permission or authorization from the IRS is necessary to establish an HSA. You set up an HSA with a trustee. A qualified HSA trustee can be a bank, an insurance company, or …

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What does network pricing mean

WEBNetwork pricing means your insurer has negotiated a discount against the full retail price your provider would have charged you if you didn’t have insurance. A network plan (for …

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