HR Chapter 13 study guide by Meganwinkler includes 24 questions covering vocabulary, terms and more. Quizlet flashcards, activities and games help you improve your grades. Consumerdriven Health Plans (CDHPs) History of Medicine and Disease Final. 85 terms. History of Medicine and Disease Final. 28 terms. ConsumerDriven Health Plans (CDHPs), which generally combine a High Deductible Health Plan (HDHP) with some type of savings account, such as a Health Savings Account (HSA), Health Reimbursement Arrangement (HRA) or health plan known as a consumerdriven health plan (CDHP) or an accountbased health plan.
These plans were offered by selfinsured employers and administered by a thirdparty. 1 HRAs were provided under thenexisting tax law, Myth: Consumerdriven health plans will reduce costs by giving people more control over their health care choices. Fact: Doctors still retain primary control over health care, and patients are unlikely to shop around for services.
Why a Consumer Driven Health Plan(CDHP) CDHPs are Changing the Way the Health Care System Works. In a consumer directed health plan model, consumers have control of their health care dollars and are better educated regarding the costs of the services they seek.
High deductible health plans are still chosen by employers, so what makes them consumer driven health plans? While the plans are chosen by the employer, a larger portion of the financial responsibility shifts to the policyholder and with that burden comes the freedom to make more decisions regarding one's own individual (or family Adults in a consumerdriven health plan (CDHP) were more likely than those in a traditional plan to exhibit a number of costconscious behaviors, according to new research findings.
ABOUT CDHPs: Employers began offering consumerdriven health plans (CDHPs) in 2001 when a handful started offering health reimbursement arrangements (HRAs). They then started offering health savings account (HSA)eligible plans after the Medicare Prescription Drug, Improvement, and Modernization Act A consumerdriven health plan (DHP), also known as a consumerdirected health plan, is a health insurance plan design increasingly prevalent in the 1 DHPs are a specific type of highdeductible health plan generally including a health savings account (HSA) or a health reimbursement As health care costs continue to surge faster than the overall rate of inflation, consumerdriven health plans have become the next new thing (after managed care) as employers search for ways to control their health benefit expenses.
Consumerdriven healthcare (CDHC), defined narrowly, refers to thirdtier health insurance plans that allow members to use health savings accounts (HSAs), Health Reimbursement Accounts (HRAs), or similar medical payment products to pay routine healthcare expenses directly, but a highdeductible health plan protects them from ConsumerDriven Health Care: What Is It, and What Does It Mean for Employees and Employers?
by Song G. Yi Bureau of Labor Statistics Originally Posted: October 25, 2010 Some employers are considering the switch to consumerdriven health plans (CDHPs) in order to reduce the cost of providing health insurance benefits to their