Did you know that 40% of Americans struggle to come up with $400 to cover an emergency? Jeff Levin-Scherz highlights this reality to help contextualize the very real decisions low-wage workers face as they seek health care services, especially if they have a high-deductible to meet before their health insurance co-pays begin.
Suzanne discusses high-deductible health plans, specifically how the benefit design impacts low-wage workers, with Jeff Levin-Scherz, MD, National Co-Leader of Willis Towers Watson’s Health Management Practice, and Assistant Professor at Harvard T.H. Chan School of Public Health. He has a wealth of insight into what employers should think about as they design benefits for low-wage workers.
The podcast covers everything from the trade-offs of HSA’s vs HRA’s (Health Savings Accounts versus Health Reimbursement Accounts); the use of high-value narrow networks; and even relevant studies that help employers know understand the possible outcomes of benefit design selection and how to mitigate common pitfalls.