Consumer-driven healthcare is defined as a system where consumers, not the company or insurance provider, determine how and where to spend their healthcare allotments. This concept empowers consumers by providing them with more control over their healthcare. Additionally, it rewards members for a healthy lifestyle and encourages responsible decision-making with regard to the healthcare they receive.

American Benefits Group is proud to be at the forefront of the industry in providing new consumer driven health plan solutions through the design of Health Savings Accounts and Health Reimbursement Arrangements. These tax-advantaged alternatives have tremendous potential to reign in spiraling healthcare costs while, at the same time, allowing people who select the plan greater control over healthcare benefits.

Consumer-driven healthcare is poised to hit the market with great force. The central idea behind the system is that, when users are made aware of the true cost of their healthcare services and are given incentive to control them, overall healthcare cost will decrease while quality of care increases.   According to Forrester Research, by 2010 one in four Americans with private health insurance will have a consumer-driven care plan. The significance of the transformation to consumer driven healthcare cannot be underestimated. This is evidenced by the rapid adoption of CDHP plan options by more than 60% of Fortune 500 companies since January 2004.

You can find more about our HSA, HRA and FSA solutions at myFlexResource.com.