Pub. 2 2020 Issue 1

Mistake 1 Choosing a plan based solely on the deductible The truth Evaluating all cost-sharing options can help control costs for both employees and employers. Our solution We can come on-site to help your employees understand how to choose the best plan for them. When members understand options like co-pays and coinsurance, and other benefit designs, they can save throughout the year. Only 9% of Americans showed an understanding of health plan premiums, deductibles, out-of- pocket maximums and coinsurance. Mistake 2 Assuming that a higher-deductible plan means higher costs The truth Higher-deductible plans often have lower premiums, which can help save money in the long run. These plans can also encourage employees to shop around and choose the most affordable care. This gives them a better understand- ing of how to get the most value from their plan. Our solution NHADA offers both HSAs (Health Sav- ings Accounts) and Medical Expense Reimbursement Plans to support your employees who’ve selected a higher-deductible plan. Each can be an attractive medical expense fund option for employees who want lower premiums but are worried about unex- pected out-of-pocket costs. Four CommonHealth PlanMistakes Your Employees Might BeMaking W hen your employees understand their health benefits, they can spend less to get more out of their plans. However, only 19% of employers feel their employees have a good grasp on their benefits. This can lead to inefficient use of benefits, from expensive, unnecessary emergency room visits to choosing higher-cost providers. NHADA can help employers control their health care costs by providing employees with the support and education to clear up costly misconceptions; we help them use their health plans efficiently. 2 NHADA offers both HSAs (Health Savings Accounts) and Medical Expense Reimbursement Plans to support your employees who’ve selected a higher- deductible plan. LAURIE CHURCHILL LICENSED INSURANCE PRODUCER 1 D R I V E 14