Increased healthcare costs affect everyone. Employers absorb what they can and then pass on costs to employees. Employees pay what they can, but many are not able to handle incremental variable costs:
60% dont save on a regular basis
45% live paycheck to paycheck
30% are not eligible for fairly-priced credit
Because they do not have a way to bridge the gap between current expenses and future income, employees in this situation do not have good options: they can forego treatment, pay exorbitant interest rates or simply not pay their bills. This can lead to increased losses for lenders and healthcare providers, which can in turn affect insurers and other claims payers.
E-Duction offers products that can help you overcome these challenges:
HSA Credit Products Increases the viability and usage of Health Savings Accounts (HSAs) through guaranteed-issue, low-cost credit. By helping employees pay their bills, this product benefits everyone.
HSA Contributions Improves ability to offer fully-featured HSAs by handling variable contributions with ease.
Real-Time HSA Funding Makes it easier for ALL consumers to maximize the benefit of HSAs by funding expenses as needed.
Other Credit Solutions In this program, employees pay for healthcare expenses through either their savings or via guaranteed-issue, low-interest credit for expenses that are not otherwise fully funded. In essence, this product guarantees provider payment.
Customized Solutions We can adapt one of our existing products or create a completely new product based on your needs.
