Private schools save big with high deductible secrets

Challenges and Considerations

While the financial benefits are clear, schools must carefully consider the potential challenges. The higher deductible can be a barrier for some employees, particularly those with ongoing medical needs. It's crucial for schools to communicate the benefits of HSAs and provide education on how to effectively manage healthcare costs under an HDHP. Additionally, schools should regularly review their healthcare plans to ensure they continue to meet the needs of both the institution and its employees.