Principal High Deductible Health Plans (HDHPs)
If you’re struggling with skyrocketing health insurance rates, you need health coverage that actually labors to slow the rate of premium inflation. You need a Principal Life HDHP.
- HDHPs offer benefit designs that eliminate copays and may cap out-of-pocket expenses at lower levels than in the past. The generally lower premiums of an HDHP could increase take-home pay and allow employees to save some of the money they once spent on coverage.
You get an edge from Principal Life with extensive resources that help employees become engaged in their health and care. Engaged employees can improve their health and reduce their claims - which can impact your rate at renewal. We build three essentials for success into your coverage:
- Education
- Engagement programs and resources
- Ease of use
- Make “prevention” affordable - Cost-conscious benefit designs must help keep employees as healthy as possible. We providing substantial adult and juvenile wellness and preventive care benefits (PDF - 148KB), making it easy for employees to get check-ups and screenings.
- Engaging employees in health and care - Our benefits, education and engagement resources work in concert to get members actively working toward cost control - which impacts the long-term price of your program.
- Leveraging the power of information - Information is one of the most powerful weapons for battling costs - yet few carriers use it to its full potential. Everyone gathers data, but most use it only to reactively engage programs. We use it to proactively help improve health.
- Maximizing employee benefits - When employees are faced with illness or injury, numerous resources automatically engage to help easily navigate the health care system and find the care they need - all the while helping you better control high-cost claims.
- Prompt, accurate claims payment - At day’s end, the job of health coverage is to pay claims quickly and with as little hassle as possible. We make it our mission to be the gold standard. But don’t take our word for it - learn more here.
- 99.7 percent claims-paying financial accuracy in 2006
- 6.2 working days average claims processing turn time, with 90 percent processed in 10 working days (industry average: 81 percent)
- World Class Customer Service - 96.5$ 4th Quarter 2006 Service Quality Assessment as measured by c wenger group
HDHPs can also be combined with a Health Savings Account (HSA) - a tax advantaged account through which an employee can invest and withdraw money to use for qualified medical care. Learn about our one source solution for HDHPs and HSAs.
For more information
- Get more detail about our high deductible health plans
- Learn about our one-source solution for HDHPs and HSAs
- Are you interested in setting up an HSA? If so, call our HSA Hotline
- Contact your insurance broker
- Find a local Principal Life sales office
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| EC782-1 | 06/2007 |
