Advance health equity with Health Payment Accounts.
Of the 158 million Americans who get health insurance through their employers, almost a quarter are “underinsured” — they technically have coverage, but they can’t afford to pay out-of-pocket costs.
Health plans with high out-of-pocket costs have historically disadvantaged vulnerable employees who have less disposable income and lower credit scores. One of the best ways to promote health equity is by lowering cost-related barriers to access with a benefit like Paytient’s Health Payment Account.
What factors into health equity.
When healthcare is truly equitable, every person can get the care they need — when they need it. Unfortunately, that’s not usually the case.
Health inequities stem from disparities in social determinants of health (SDOH), which are varying conditions in where people work and live that affect their health risks and, ultimately, their medical outcomes.
This includes considerations like:
- Social support networks
- Health literacy
- Proximity to healthcare providers
- Housing
- Education
- Access to transportation
- Income level
- Internet access
These factors impact each person’s ability to access and afford care and can leave them sicker physically and mentally. By being cognizant of SDOH and promoting health equity across their teams, employers can encourage workers to bring their best selves to the office.
Address diverse care needs.
Your team members have diverse healthcare priorities, including everything from mental health to physical therapy to infertility to glasses or braces.
Many employees are caring for partners, children, parents, and pets in addition to themselves. Since Paytient is accepted by most providers that take Visa cards,* it's one benefit that unlocks access to a wide spectrum of care needs.
Paytient makes your health benefits more equitable by affording all employees access to credit, without a credit check, so they can get the care they need and pay their out-of-pocket costs over time — with no interest or fees.
Paytient helps with access and affordability.
With a Paytient Health Payment Account, employees can pay for care for their whole family — including pets. After each transaction, they choose an interest-free payment plan that fits their budget.
- On-demand line of credit with a limit set by the employer.
- Pays for medical, dental, vision, pharmacy, and/or vet care.
- No credit check promotes equitable access.
- Providers are paid in full.
- Employers are not on the hook for unpaid balances.
Paytient makes out-of-pocket costs more manageable for employees. This empowers everyone to get care sooner, ensuring benefits are more equitable.
Educational resources
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Most employers expect health plan costs to increase heading into 2024, and this isn't a new trend. Still, it's gotten to a point where it's stretching employers and employees financially so much that many seek ideas beyond the traditional strategies.
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