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More employees enrolling in CDHPs

Posted On Tue, June 12, 2012

The American Association of Preferred Provider Organizations unveiled findings that showed more consumers with health insurance plans sponsored by their employer are changing to consumer-directed health plans.

In total, the volume of enrollment in this type of plan rose to 33 million people in 2011, an 18 percent improvement from 2010's figure of approximately 28 million, the firm's Mercer National Survey of Employer Sponsored Health Plans revealed. During 2011, 13 percent of all employees who had a policy from their employer decided to get one of these plan options.

The report showed that the growth of CDHPs in the past few years has improved markedly. In 2008, the number of those using one of these plans grew by 7 percent. During 2010, this rose 11 percent. Within the next five years, there is expected to be nearly half of all employers offering one of these policies.

"From the numbers AAPPO released today, it's obvious that the CDHP/HSA model is filling a significant void in the marketplace," said Tennessee representative and chairman of the House Education and Workforce Health Subcommittee, Phil Roe. "As a physician, I know that patients are demanding greater personal control over their healthcare decisions, and their employers want more affordable and manageable costs. CDHPs - and the PPO networks they are built on - are clearly meeting that demand "

While these options may be less expensive than other health plans from employers, there may be better private policies that are even more affordable. By looking at the options given by a person's current plan, there may be other health insurance quotes with better features for a more reasonable price. By being thorough with their search, a person may find exactly what they need.

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