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So far mhmadmin has created 34 blog entries.

What Amazon Care and the End of Inefficiencies Mean for the Private Health Insurance Market

2021-05-06T14:40:03-04:00May 4th, 2021|Blog, Employee, Employee Resources|

It’s no secret that the private health insurance market is plagued by massive inefficiencies. Every year, most consumers are confused and overwhelmed by health insurance purchasing and can waste thousands of dollars choosing the wrong plan. At the same time, premiums and deductibles are rapidly rising at a rate that well outpaces annual wage [...]

More Than a Triple Tax Benefit: A New Way of Looking at HSAs

2021-04-21T08:40:24-04:00April 19th, 2021|Blog, Broker, Employer, Health Benefits Decision Support|

Health savings accounts (HSAs) are powerful vehicles for helping consumers pay for healthcare expenses—in large part because of their associated triple tax benefit. Money is deposited pre-tax, can grow tax-free, and can be withdrawn tax-free to pay for qualifying healthcare expenses. Yet, despite these significant benefits, experts say HSAs are consistently underused. This underuse [...]

Public Health Expert Dr. Elizabeth Coté Named President of MyHealthMath

2021-04-20T08:34:41-04:00April 19th, 2021|News|

PORTLAND, Maine, April 19, 2021—MyHealthMath announced today that its Board of Directors has appointed physician and public policy expert Dr. Elizabeth Coté, MD, MPA, as its new President. Before joining MyHealthMath as Chief Mission Officer in 2019, Dr. Coté spent over a decade working to reduce health disparities in the U.S. and [...]

Conversations on Workplace Equity and Health Benefits

2021-05-06T15:52:17-04:00March 23rd, 2021|Blog, Employee, Employee Resources, Health and Wealth Equity|

All people deserve an opportunity to achieve optimal health. As providers of health insurance to over half of Americans, employers can play an invaluable role in making this possible. Empowering all employees—regardless of race, age, income, gender and other sociodemographic traits—requires applying an equity lens to health benefit design, communication, [...]

Pricing Transparency CheckList: How to Make Data Transparency Work for Healthcare Consumers

2021-03-12T10:32:20-05:00March 12th, 2021|Blog, Employee, Employee Resources|

In theory, pricing transparency is meant to empower consumers. In practice, it is often confusing. After all, pricing transparency in healthcare includes so many factors—the cost of services, the cost of procedures, the cost of prescriptions, the quality of services, how each varies by doctor and location, plus, the variation in health plans. The [...]

How to Use an HSA

2021-03-04T12:24:36-05:00February 10th, 2021|Blog, Employee, Employee Resources|

You’ve switched (maybe for the first time ever) to a high deductible health plan (HDHP). The plan can save you money, but you’ll need to know how to use an HSA  (Health Savings Account)—a special type of savings account that comes with your new plan. Along with helping you cover the higher up-front [...]

Healthcare Pricing Transparency Isn’t the Future. It’s Happening Now. Here’s What You Need to Know:

2021-03-23T18:40:21-04:00February 2nd, 2021|Blog, Broker, Employer, Health Benefits Decision Support|

Healthcare pricing transparency is the gateway to consumer autonomy. If consumers know how much a procedure will cost, they can compare prices at different hospitals and under different health plans. If they can calculate their annual healthcare expenses, they can better plan their finances. However, healthcare pricing has been continuously obscured, even as costs [...]

How to Communicate Benefit Changes Successfully

2021-01-25T10:34:49-05:00January 25th, 2021|Blog, Employee, Employee Resources|

Changing your health benefits package is hard. Even though adjustments are necessary (and sometimes out of your control), they are often met with anxiety and frustration by employees. Providing the best possible benefits package is a balancing act. Compliance concerns, economic changes, health and wellness strategies, long-term organizational goals—these are just a few of [...]

MyHealthMath Releases Health Benefits Equity Audit

2021-01-12T14:22:22-05:00January 12th, 2021|Blog, Employee, Employee Resources|

This post was originally published on Newswire.  Free new tool helps employers eliminate inequitable benefit design and promote workplace DEI (Portland, ME) January 12, 2021. MyHealthMath today announced a new health benefits equity audit to help employers optimize their benefit design to promote diversity, equity, and inclusion. Employers can use the [...]

Increase Accessibility of Health Savings Accounts

2021-01-11T15:39:42-05:00January 7th, 2021|Blog, Employee, Employee Resources|

Consumer-Driven Health Plans (CDHPs) have significant financial advantages, namely lower monthly premiums and the triple tax benefit of a health savings account (HSA). Employers can help lower wage earners overcome barriers to HSA adoption, so that employees across income level can benefit. The advantages of an HSA-Eligible plan Along with lower monthly premiums, CDHPs [...]