New HealthEquity Partnership Enhances Employee Access to Healthcare
HealthEquity (NASDAQ: HQY), the largest HSA custodian in the US, has partnered with Paytient to offer Health Payment Accounts (HPAs) to employees. HPAs provide a no-interest, no-fee option for managing healthcare costs, addressing the issue of 40% of workplace-insured Americans deferring care due to financial concerns.
Key features of HPAs include:
- Flexible payment terms for medical, dental, vision, Rx, and behavioral care
- No credit checks or impact on credit scores
- Complementary to existing benefits like HSAs, FSAs, and HRAs
The partnership aims to improve healthcare access, reduce employee stress, and support employer goals of retention, health equity, and cost savings. R.R. Donnelley, a HealthEquity client, reported increased employee satisfaction since implementing HPAs, particularly among hourly workers.
HealthEquity (NASDAQ: HQY), il maggior custode di HSA negli Stati Uniti, ha collaborato con Paytient per offrire Conti di Pagamento Sanitario (HPA) ai dipendenti. Gli HPA forniscono un'opzione senza interessi e senza spese per gestire i costi sanitari, affrontando il problema che il 40% degli americani assicurati sul posto di lavoro rinuncia alle cure per motivi finanziari.
Le caratteristiche principali degli HPA includono:
- Termini di pagamento flessibili per cure mediche, dentistiche, della vista, farmaceutiche e comportamentali
- Nessun controllo del credito o impatto sui punteggi di credito
- Complementari ai benefici esistenti come HSA, FSA e HRA
La partnership mira a migliorare l'accesso alle cure sanitarie, ridurre lo stress dei dipendenti e supportare gli obiettivi dei datori di lavoro in termini di retention, equità sanitaria e risparmio sui costi. R.R. Donnelley, un cliente di HealthEquity, ha riportato un aumento della soddisfazione dei dipendenti dalla implementazione degli HPA, in particolare tra i lavoratori a ore.
HealthEquity (NASDAQ: HQY), el mayor custodio de HSA en EE. UU., se ha asociado con Paytient para ofrecer Cuenta de Pagos de Salud (HPA) a los empleados. Las HPA proporcionan una opción sin intereses y sin comisiones para gestionar los costos de atención médica, abordando el problema de que el 40% de los estadounidenses asegurados en el trabajo postergan la atención debido a problemas financieros.
Las características clave de las HPA incluyen:
- Términos de pago flexibles para atención médica, dental, de la vista, farmacéutica y conductual
- Sin verificaciones de crédito ni impacto en las puntuaciones de crédito
- Complementarias a los beneficios existentes como HSA, FSA y HRA
La asociación tiene como objetivo mejorar el acceso a la atención médica, reducir el estrés de los empleados y apoyar los objetivos de los empleadores en cuanto a retención, equidad en salud y ahorro de costos. R.R. Donnelley, un cliente de HealthEquity, informó un aumento en la satisfacción de los empleados desde la implementación de las HPA, particularmente entre los trabajadores por hora.
HealthEquity (NASDAQ: HQY), 미국에서 가장 큰 HSA 수탁기관이자, Paytient과 협력하여 직원들에게 건강 지불 계좌 (HPA)를 제공합니다. HPA는 의료 비용을 관리하기 위한 무이자 및 수수료가 없는 옵션을 제공하여, 재정적 문제로 인해 40%의 근무 보험 미국인들이 치료를 미루고 있다는 문제를 해결합니다.
HPA의 주요 특징은 다음과 같습니다:
- 의료, 치과, 시력, 처방약 및 행동 치료에 대한 유연한 지불 조건
- 신용 조회나 신용 점수에 대한 영향 없음
- 기존 혜택인 HSA, FSA 및 HRA와 상충하지 않음
이 파트너십은 의료 접근성을 개선하고, 직원의 스트레스를 줄이며, 고용주의 재직 유지, 건강 형평성 및 비용 절감 목표를 지원하는 것을 목표로 하고 있습니다. HealthEquity의 고객인 R.R. Donnelley는 HPA를 도입한 이후 직원 만족도가 증가했다고 보고했으며, 특히 시간제 근무자 사이에서 두드러졌습니다.
HealthEquity (NASDAQ: HQY), le plus grand dépositaire d'HSA aux États-Unis, a associé ses efforts à ceux de Paytient pour offrir des Comptes de Paiement de Santé (HPA) aux employés. Les HPA fournissent une option sans intérêts et sans frais pour gérer les coûts de santé, répondant à la problématique selon laquelle 40 % des Américains assurés sur leur lieu de travail reportent leurs soins pour des raisons financières.
Les caractéristiques clés des HPA incluent :
- Termes de paiement flexibles pour les soins médicaux, dentaires, de la vue, les prescriptions et les soins comportementaux
- Aucune vérification de crédit ou impact sur les scores de crédit
- Complémentaires aux avantages existants tels que les HSA, FSA et HRA
Ce partenariat vise à améliorer l'accès aux soins de santé, à réduire le stress des employés et à soutenir les objectifs des employeurs en matière de fidélisation, d'équité en santé et d'économies de coûts. R.R. Donnelley, un client de HealthEquity, a signalé une augmentation de la satisfaction des employés depuis la mise en œuvre des HPA, en particulier parmi les travailleurs horaires.
HealthEquity (NASDAQ: HQY), der größte HSA-Verwahrer in den USA, hat sich mit Paytient zusammengetan, um Gesundheitszahlungs-Konten (HPAs) für Mitarbeiter anzubieten. HPAs bieten eine zinsfreie und gebührenfreie Möglichkeit zur Verwaltung von Gesundheitskosten und sprechen das Problem an, dass 40 % der im Betrieb versicherten Amerikaner aus finanziellen Gründen auf eine Versorgung verzichten.
Die wichtigsten Merkmale der HPAs umfassen:
- Flexible Zahlungsbedingungen für medizinische, zahnmedizinische, sehtests, Rezept- und Verhaltenspflege
- Keine Bonitätsprüfungen oder Auswirkungen auf Bonitätsscores
- Ergänzend zu bestehenden Leistungen wie HSAs, FSAs und HRAs
Die Partnerschaft zielt darauf ab, den Zugang zur Gesundheitsversorgung zu verbessern, den Stress der Arbeitnehmer zu reduzieren und die Ziele der Arbeitgeber in Bezug auf Bindung, gesundheitliche Chancengleichheit und Kosteneinsparungen zu unterstützen. R.R. Donnelley, ein Kunde von HealthEquity, berichtete von einer gesteigerten Mitarbeiterzufriedenheit seit der Einführung der HPAs, insbesondere bei Stundenarbeitern.
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Health Payment Accounts offer a no-interest, no-fee option for employees to pursue medical care with flexible payment terms
DRAPER, Utah, Sept. 03, 2024 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY), the nation’s largest Health Savings Account (“HSA”) custodian, today announced a new collaboration with Paytient, a healthcare technology firm, to offer employees greater confidence pursuing healthcare through Health Payment Accounts (HPAs).
Forty percent of workplace-insured Americans reported deferring care due to cost.1 With HPAs, employers can offer employees and their families the option to better manage copays over time for medical, dental, vision, Rx and behavioral care—it even works for pet care at the vet. This safety net improves access to essential care, eliminates the hassle and embarrassment of credit applications, and saves employees money on interest and fees.
“HPAs help employees who might forgo care due to the worry over their ability to pay and fear of racking up high-interest debt,” said Jon Kessler, CEO and president at HealthEquity. “HPAs offer more control and peace of mind for employees while also supporting their employers’ goals of retention, health equity, and cost savings.”2
Nearly half of adults are not able to pay an unexpected medical bill of
“We continue to receive feedback indicating that people appreciate not having to worry about the cost of a doctor visit or procedure,” said Goldberg-Hirsh. “The consistent word in the feedback is ‘dignity.’ Our people don’t have to face the embarrassment of saying, ‘I can’t afford that.’ They know they can use their Health Payment Account.”
The HPA benefit complements consumer-directed benefits such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Accounts (HRAs). With the HPA, employees can select the medical plan that best fits their families’ needs, without worrying about draining their savings or going into debt.
No credit checks are required for HPA users, and there is no impact on credit scores for using a Health Payment Account. Members have control over their HPA payment with flexible payment options and repayment methods. Meanwhile, employers save both near term as employees choose less expensive health coverage and long term as better access to treatment reduces high-cost claims.
“As health expenses continue to soar, our partnership with HealthEquity will address an important gap in many Americans’ health benefits—dramatically improving the pre-deductible experience so that more employees can feel the value of their benefits,” said Brian Whorley, CEO at Paytient. “We look forward to helping employers provide their people with confidence that they can obtain the care they need when they need it, without unnecessary stress or financial harm.”
To learn more about how the HealthEquity Health Payment Account, and our partnership with Paytient is steering the future of health benefits, visit www.healthequity.com/hpa.
References
1Nonfiction Research "The Hidden Lives of Workplace Insured Americans" March 2024. https://www.paytient.com/hidden-lives-report
2 The HPA card is a line of credit that is subject to approval and works with providers in approved merchant categories. All charges made to the HPA card must be repaid according to the terms outline in the cardholder agreement.
3 Hamel, Liz, Lopes, Lunna, Montero, Alex, Presiado, Marley, Americans’ Challenges with HealthCare Costs. In Health Costs Issue Brief, (KFF, March 1, 2024) Americans’ Challenges with Health Care Costs | KFF
About HealthEquity
HealthEquity and its subsidiaries administer HSAs and various other consumer-directed benefits for over 16 million accounts, working in close partnership with employers, benefits advisors, and health and retirement plan providers who share our unwavering commitment to our mission of saving and improving lives by empowering healthcare consumers. Through cutting-edge solutions, innovation, and a relentless focus on improving health outcomes, we empower individuals to take control of their healthcare journey while ultimately enhancing their overall well-being. Learn more about our “Purple service” and approach at www.healthequity.com.
About Paytient
Paytient is a healthcare technology company that helps companies ensure their health plan members can easily access and afford healthcare. The Paytient card unlocks access to care with interest-free credit, while the app allows members to better manage and organize their healthcare spending. Founded in 2018, Paytient partners with 1000+ enterprise clients in the U.S. and is headquartered in Columbia, MO.
Media Contacts:
HealthEquity
Amy Cerny
acerny@healthequity.com
Paytient
Michelle Kafka
michelle.kafka@kafkamediagroup.com
FAQ
What are Health Payment Accounts (HPAs) offered by HealthEquity (HQY)?
How does the HealthEquity (HQY) and Paytient partnership benefit employees?
What percentage of workplace-insured Americans defer care due to cost, according to HealthEquity's (HQY) press release?
How do Health Payment Accounts complement existing benefits offered by HealthEquity (HQY)?
What benefits do employers gain from offering HealthEquity's (HQY) Health Payment Accounts?
