http://www.hrmorning.com/hdhp-sign-ups-increase-for-some-firms-how-and-why/ Your daily dose of HR Wed, 17 Mar 2010 21:49:46 -0400 http://wordpress.org/?v=abc hourly 1 http://www.hrmorning.com/hdhp-sign-ups-increase-for-some-firms-how-and-why/comment-page-1/#comment-15995 Doug Bishoff Tue, 23 Jun 2009 20:59:13 +0000 http://www.hrmorning.com/?p=2129#comment-15995 We have a high deductible plan ($3,000/$6,000) which saves us about $2,500/yr in premiums. We then let the employee set up an insurance fund (not tax deductible at present) and allow them to contribute 2% of their max possible out of pocket amount ($4,000 to $8,000) per month. We then match any amount used for medical purposes in their acct two for one. So far no employee has paid more than they would have in a traditional plan and many have saved a bundle. Most employees save up enough in 3 years to pay any possible medical expense they could have, so they are secure in knowing that they don't have to keep funds in their check book for medical expenses. We save about $500 to $1,000 per employee, even after matching them two for one. Everyone wins except the insurance company. We have a high deductible plan ($3,000/$6,000) which saves us about $2,500/yr in premiums. We then let the employee set up an insurance fund (not tax deductible at present) and allow them to contribute 2% of their max possible out of pocket amount ($4,000 to $8,000) per month. We then match any amount used for medical purposes in their acct two for one. So far no employee has paid more than they would have in a traditional plan and many have saved a bundle. Most employees save up enough in 3 years to pay any possible medical expense they could have, so they are secure in knowing that they don’t have to keep funds in their check book for medical expenses. We save about $500 to $1,000 per employee, even after matching them two for one. Everyone wins except the insurance company.

]]> http://www.hrmorning.com/hdhp-sign-ups-increase-for-some-firms-how-and-why/comment-page-1/#comment-14863 TC Mon, 08 Jun 2009 19:55:46 +0000 http://www.hrmorning.com/?p=2129#comment-14863 I believe it's $1150 for this year if it's a single employee and $2300 for family. For 2010 it's $1200 and $2400. I believe it’s $1150 for this year if it’s a single employee and $2300 for family. For 2010 it’s $1200 and $2400.

]]> http://www.hrmorning.com/hdhp-sign-ups-increase-for-some-firms-how-and-why/comment-page-1/#comment-14862 Neal Mon, 08 Jun 2009 19:39:38 +0000 http://www.hrmorning.com/?p=2129#comment-14862 The deductibles need to be $1,150 for self only plans and $2,300 for family plans for 2009. For 2010 you can check IRS.gov later this year. The deductibles need to be $1,150 for self only plans and $2,300 for family plans for 2009. For 2010 you can check IRS.gov later this year.

]]> http://www.hrmorning.com/hdhp-sign-ups-increase-for-some-firms-how-and-why/comment-page-1/#comment-14830 Hank Mon, 08 Jun 2009 13:29:59 +0000 http://www.hrmorning.com/?p=2129#comment-14830 How high does the deductible need to be before it is considered a high-deductible health program? How high does the deductible need to be before it is considered a high-deductible health program?

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