Open enrollment is well under way for many employers across the country. Based on skyrocketing health care costs, I’m going to assume — and it’s probably a safe assumption — that many employers are introducing a new consumer-driven health plan this year.
While employers have increasingly adopted CDHPs as a lower cost option, employees have been slower to embrace them. Studies on consumer-driven plans and our own conversations with employees seem to indicate workers’ concerns typically stem from the fear of a financially devastating medical event.
