$1,478 average deductible for an individual1
86% do not understand insurance benefits2
625% increase in high-deductible health plans since 20063
Employees are devoting more of their budgets to healthcare than ever before.
For so long, cost considerations were ignored because most things in health insurance were indirect. Money was removed from a paycheck, there was a little cost-sharing in the form of co-pays, but not much else was conspicuous.
Of course, just because it was indirect didn’t mean it wasn’t costing everyone dearly. After all, healthcare couldn’t constitute 18% of the economy without people paying for it in one form or another.
To combat this cost explosion, employers are increasingly shifting to high-deductible insurance plans. This means that the prices paid for care are directly felt by employees in more ways. This means that patients must be consumers.
This is an uncomfortable transition for most. So having an expert teammate to reduce the hassle and complexity is needed.
There is nothing ambiguous about what CaredUp provides. Each employee who contacts us is more likely to access cost-effective in-network care. In-network prices for hundreds of “shoppable” procedures vary considerably. By illuminating this reality, an employee is empowered to make a smart decision. This saves the employee and employer money.
Fighting through long telephone holds and antiquated websites to find cost answers is often an underwhelming and time-consuming process. Meanwhile, 97% of Americans send at least one text message every day for a total of six billion daily messages. Texting is faster, easier and more in sync with our busy lives. CaredUp communicates with people in the way they prefer to communicate.
Co-insurance? Co-pay? Deductible? In-network? HSA? HRA? FSA? The world of health insurance is so confusing that 86% of people don’t understand even the most basic elements. Handing out a few pamphlets during open enrollment isn’t enough. Arming employees with an advocate who can break it all down in simple terms is essential.
Patient texts CaredUp a healthcare navigation question like: How much is this going to cost? Can you find me an in-network podiatrist? What is co-insurance? Is a colonoscopy covered? What does this medical bill mean?
By utilizing a wide range of informational resources, CaredUp provides personalized answers based on a patient's specific insurance plan.
Patient now knows, before treatment, how much a procedure is going to cost, what the insurance plan covers and where to access the most cost-effective provider. CaredUp can even set the appointment.