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How do I realize cost savings from implementing CDH?

CDH COST implementing savings
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How do I realize cost savings from implementing CDH?

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• Payroll tax savings – Health Savings Accounts and Flexible Spending Accounts present an opportunity for pre-tax payroll deductions. If your employees obtain HSAs outside of your employer-sponsored plan, you will not receive the payroll tax relief. The savings in payroll taxes represent an immediate ROI and pay for the administration expenses of CYC each year. • Premium reductions – If you implement HSAs with a compliant high-deductible health plan (HDHP), you will likely see a reduction in your monthly premiums (this varies state by state and HDHPs will become more competitive over time). • Decreases in healthcare utilization – Over time, as your employees take control of their healthcare spending, evidence suggests that they will use less healthcare compared to their utilization with many models of group health insurance today where every procedure costs them a fraction of the actual cost. For example, your employees may consider going to a lower cost provider, such as RediClinic, f

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