CDHP Essentials
By Its Very Nature, a CDHP Includes Multiple Components
It may appear complicated at first, but the underlying philosophy surrounding Consumer Driven Health Plans (CDHP) is fairly straightforward and simple: Educate employees to the true cost of health care and they will be more careful about spending their own money, which in turn will create market competition and help ease rising benefit costs.
Some of the tools that a CDHP Administrator can use to foster employee empowerment and control are High Deductible Health Plans (HDHP), Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA), Health Savings Accounts (HSA), and electronic payment cards (debit and credit).
Further enhancing the effectiveness and value of a CDHP are EOB Feeds, Rx Claims, Electronic Fund Transfers (EFTs), Health Service Resources, and more. The DPI-Suite embraces all these elements in an easy to use and understand platform.
Simplifying the CDHP Formula
Each CDHP component is critical to successful CDHP implementation, but taken together it’s enough to make your head spin. And when various entities handle each component, you are left dealing with a confusing array of contacts at multiple companies. To help simplify things a bit, we’ve broken the CDHP model down into a few “essential” elements, including: