HSA Bank, a division of Webster Bank, N.A. announced that in partnership with MyHealthMath and Tango Health, its employer clients across the country now have access to Advanced Decision Support, designed to help employees during open enrollment and year-round, confidently select the health plan that’s right for them from a total cost perspective. By combining decision support tools with consumer-driven healthcare account offerings, HSA Bank aims to help employers focus on reducing their overall healthcare expenses for their employee population.
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Advanced Decision Support offers personalized, unbiased, and confidential tools that pre-load an employer’s specific health plan options, add to HSA Bank’s consumer engagement toolset, and enhance the bank’s long-term efforts to lower out-of-pocket healthcare costs. Each decision support tool offers a unique approach and may appeal to different employers based on the demographic of their employee population:
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MyHealthMath features Decision Support Analysts that interview employees during a one-on-one phone call about their health services and prescription usage. Using proprietary software, the employee receives a personalized report which provides a clear comparison of expected total costs under each plan so they can make the best financial decision.
Tango Decision Assist™, a web-based tool offered by Tango Health, gives employees a personalized plan recommendation in as little as three minutes based on their own or “people like me” claims for their specific healthcare services.
“Employers work hard to offer the right benefit options for their workforce,” said Chad Wilkins, President of HSA Bank. “When it comes to healthcare, decision support tools can help employees make more informed decisions, and take some of the confusion out of choosing the right health plan during enrollment.”