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By Staff Reporters
In the United States, a high-deductible health plan is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. It is intended to incentivize consumer-driven healthcare. Being covered by an HDHP is also a requirement for having a health savings account. Some HDHP plans also offer additional “wellness” benefits, provided before a deductible is paid.
High-deductible health plans are a form of catastrophic coverage, intended to cover for catastrophic illnesses. Adoption rates of HDHPs have been growing since their inception in 2004, not only with increasing employer options, but also increasing government options. As of 2016, HDHPs represented 29% of the total covered workers in the United States; however, the impact of such benefit design is not widely understood.
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% Covered Employees Enrolled in Account-Based CDHP’s
• 2021: 40%
• 2020: 38%
• 2019: 36%
• 2018: 33%
• 2017: 30%
Note: Percentage enrolled in high-deductible Consumer-Directed Health Plans, primarily Health Savings Account-eligible plans.
Source: Mercer National Survey of Employer-Sponsored Health Plans, December 2021
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CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: "Advisors Only", Accounting, Breaking News, Glossary Terms, Health Economics, Health Insurance, Healthcare Finance, LifeStyle | Tagged: Accounting, CDHPs, consumer directed healthcare plans, HDHPs, health savings account, high deductible health plans | Leave a comment »
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