Consumer-Directed Health Plans: A New Trend In Controlling Small Business Health Care Cost - Extensis Releases Article

Main Category: Health Insurance / Medical Insurance
Also Included In: Public Health
Article Date: 01 Oct 2008 - 4:00 PDT

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Extensis Group LLC., New Jersey's largest Professional Employer Organization (PEO), has released an article on the growing trend of businesses using Consumer-Directed Health Plans to control their rising healthcare costs.

Nationally, healthcare costs have continued to rise at rates greater than inflation. In a recent survey, 83 percent of employers believed they would be offering a Consumer-Directed Health Plan (CDHP) within five years, while 34 percent believed CDHPs would eventually cover over half their workforce. This article explores the strengths and weaknesses of this new form of health insurance and offers tips on how to effectively implement CDHPs in a Small Business setting.

"CDHPs are a powerful tool for Small Business owners to manage their healthcare costs," said Don Abernathy, President of Extensis. "Creativity, flexibility and effective employee communications are key to successfully using this tool."

This article has been recently published in hrDispatch and is being re-released to the public, free of charge here.

Extensis was founded ten years ago with the concept of providing PEO (Professional Employer Organization) services to the small and midsized businesses in the NJ-NY metropolitan area. By focusing on actively guiding our clients through the challenges of growing a business, Extensis helps our clients manage the growing complexities and costs of providing employee benefits.

About Extensis Group LLC.

Extensis Group LLC. is New Jersey's largest Professional Employer Organization, providing outsourced HR, Benefits and Risk Management Services, including Payroll, Tax, Insurance, Human Resources and Regulatory Compliance.

Extensis Group LLC.