Our Purpose
Making it simple to plan, save, and pay for personal well-being.
Commit.
Individuals are 2.6x more likely to select a Health Savings Account (HSA) qualified plan and employees contribute 5.3% more year-over-year when an employer contributes to their health savings account.
As a leader, are you hoping and not COMMITTING?
Collaborate.
Concierge services offer consumers the opportunity to Spend less and Save more. PayFlex collaborated with a bill negotiator service that has proven to reduce members’ out of pocket costs by 70%, totaling $193 million in total savings since 2005, with an average savings of $4,100 per procedure.
Source: The Karis Group
Leaders should press the CURIOSITY button, not the PANIC button.
Communicate.
In a recent consumer research study by PayFlex, we discussed consumers’ experiences with high deductible health plans and HSAs. And they expressed health insurance is: intimidating, confusing, impersonal and complicated.
So how can you help employees feel less confused? Here are a few ideas to help turn things around for this year’s open enrollment.
Ask yourself, as an organization, “what do we WANT?…what do our employees WANT?"
Connect with us!
Our Purpose
Making it simple to plan, save, and pay for personal well-being.