Businesses may be questioning how effective their benefits are at attracting and retaining top talent, and whether everyone on the team has equal access to healthcare.
With costs on the rise, employees are jumping ship for higher wages and better benefit packages. That’s why employers are turning to new solutions like Paytient’s Health Payment Accounts to attract and retain valuable employees while ensuring they have access to affordable care.
How HPAs Work
Employers determine the credit allowance, max repayment terms and approved spending categories (medical, dental, vision, pharmacy, mental health and vet care).
With the 0% APR Paytient card and connected app, employees can pay for care whenever they need it and split costs into a series of manageable payments. For example, a $250 urgent care visit can be turned into 10 payments of $25 or five payments of $50. Payments are automatically deducted from payroll, or a linked bank account, like an HSA.
Proven Results
Employers appreciate 30% lower turnover among Paytient cardholders and measurable improvements in health equity. The card is 16% more likely to be used by employees who live in below-average income zip codes. Plus, the card supports plan migration to higher deductibles, or HDHPs, lowering costs while ensuring access to care.
Employees love it so much that they’ve given the service 4.8 stars on Trustpilot and a Net Promoter Score of 90+ with reviews like: “I think in general this is a great service. It makes paying for medical and dental expenses less stressful. The automatic deductions from my paycheck aren’t even noticed and I always am able to afford going to the doctor, the dentist, and don’t have to worry about pricey medications. My son recently had an asthma medication that was over $200 but I was able to pick it up and pay for it without issue.”
Brian Whorley is founder and CEO of Paytient, a company on a mission to help people better access and afford care. Paytient works with employers, insurers, brokers, and health systems to provide Health Payment Accounts, which offer the power to pay out-of-pocket healthcare expenses.
