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Health Professionals Benefit the Most from Health Savings Accounts
HSAs are Health Insurance Plans that Lower Your Own Health Care Costs and Give Your Patients the Wherewithal to Pay for Your Services
As a health provider, employer, and consumer you reap financial benefits in three distinct ways from Health Savings Accounts.
- Lower health care premiums You save thousands on your personal family insurance needs and thousands more with many tax advantages when you provide health benefits for employees.
- Increase profitability and employee productivity HSAs help lower absenteeism by encouraging health-promoting services not covered by traditional insurance plans.
- Improve cash flow For your eligible services, the immediate funds available in your patients’ Health Savings Accounts greatly increase your treatment acceptances and productive appointments
Download a whitepaper: "Health Savings Accounts: How Health Providers Can Effectively Use Consumer Directed Health Plans for Both Increasing Patient Revenues and Saving Thousands in Personal and Employee Health Insurance Benefits"
You Benefit When Your Patients Own Health Savings Accounts
How many times have patients asked you to recommend private health insurance that covers your services? If you are not in their network of providers, or their plans have exclusions and low yearly maximums, your patients may have to postpone or abandon treatment.
“If my insurance covers it, I’ll do it.”
You are losing revenues every time a patient relies on insurance to pay for treatment. First you wait for a preauthorization. Then based on the co-insurance due, the patient decides if and when to start treatment. Then if the patient goes through with even a portion of the treatment, you submit a claim and wait weeks or months for reduced payment. Not when your patient has a Health Savings Account.
The tax-favored funds in an HSA account provide immediate dollars for:
- Dental work (implants, periodontal surgery, braces, crown and bridge, etc.)
- Eye care (eye glasses, contact lenses)
- Chiropractic care (adjustments, massage, supplements, devices)
- Acupuncture (treatments, Chinese medicine)
- Psychological services (substance abuse and other mental health services)
- Alternative medicine (Homeopathy, Ayervedic, Naturopathy)
- Audiology (hearing aids)
Legislation is being proposed that will increase HSA benefits to include such items as health fitness, weight loss, smoking cessation, non prescribed supplements and more.
Help educate your patients and increase requests for your treatment. Learn more about Health Savings Accounts then...
Find out how you can help your patients acquire an HSA.
At no obligation, a qualified expert in Consumer Driven Health Plan options can help you understand how a Health Savings Account can benefit your personal or business needs.
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