Employers may be pumping brakes on high-deductible health plans

Fewer employers are offering their workers only high-deductible health plans this open enrollment season, according to Kaiser Health News.

The percentage of companies offering their employees only HDHPs fell for 2020, a trend that mirrors numbers from the previous two years, according to survey data from the National Business Group on Health cited by KHN. The survey of large employers found a quarter of the firms polled will offer HDHPs as the only option in 2020, down 14 percentage points from two years prior.

The change comes as some employers look for ways to differentiate themselves from competitors by using more health plan options as a recruitment tool. Some workers may also be attracted to a health plan that has a higher premium, but features more predictable out-of-pocket costs, according to the report.

But HDHPs aren't going away. Fifty-eight percent of workers with health insurance were employed by firms that offered at least one HDHP in 2019, according to data from the Kaiser Family Foundation.

Read the full KHN article here.

More articles on payers:
Humana to lay off 800+ employees
CMS delays start of primary care payment model
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