Rising healthcare costs have forced many employers to rethink the design of their healthcare plans. With 60% of employees not saving on a regular basis and 45% of employees living paycheck-to-paycheck, increased healthcare out-of-pocket expenses have created a significant financial and emotional stress to employees and their families.

Why Employers Need To Worry
Employees who need medical care and who can’t afford to pay their out-of-pocket healthcare expenses will do one of two things:

1. Not seek treatment to avoid incurring the expense
2. Seek treatment but will be delinquent in paying their portion of the healthcare expense

In either situation, the employer loses. Increased healthcare costs continue to be passed along to employers and employees. It’s a vicious and seemingly endless cycle – until now.

What You Can Do For Employees
By helping employees to pay for their out-of-pocket healthcare expenses through employer-sponsored credit programs, employers can realize increased enrollment in their consumer driven healthcare plan. These credit offerings have several unique and highly valuable features:

• Employees get six months at 0% interest to pay for healthcare (medical, dental and vision) and tuition expenses in excess of $199
• Employees get two months to pay at 0% interest on all other purchases, every day!
• Most are guaranteed-issue. Your employees can’t be turned down because of poor credit
• Payments are automatically deducted from employee paychecks in equal installments over the course of two or six months
• Employee credit limits are tied to a percent of salary. By design, they are prevented from over-spending
• Employers have no financial liability for credit transactions

Click here to read the case study entitled “World's Largest US-Based Clinical Laboratory Integrates Clear MasterCard®: Achieves Full Replacement High Deductible Healthcare Plan.”

To obtain additional information about employee financial stress and the impact to your organization please contact Paul Chicos directly at pchicos@e-duction.com or call 1.215.371.5121.