Figure 4 Figure 2 Availability of High-Deductible Plan (HDHP) With or Without Health Top Six Aspects of a Health Plan That Are Very Important in Choice of Current Plan Savings Account for Those Choosing Traditional Health Plans Traditional Plan Very Important High-Deductible Health Plan Very Important March 2, 2023, #455 Good network of physicians and 74% Good network of physicians and hospitals 77% hospitals Don't Know If Offered HDHP, Prescription drug coverage 70% Lower cost of premium 68% 25% Low out-of-pocket costs when you see Low out-of-pocket costs when you see the Offered HDHP, With 69% 64% Account, 28% the doctor doctor Many Have a Choice of Health Plans Lower cost of premium 67% Prescription drug coverage 63% Simple to understand During 64% Open Sim Enroll ple to understment and 60% Specific coverage included in the plan 63% Specific coverage included in the plan 59% Source: EBRI/Greenwald Research Consumer Engagement in Health Care Survey, 2022. The Employee Benefit Research Institute (EBRI) and Greenwald Research Consumer Engagement in Health Care Survey found that about 60 percent of individuals reported that they had a choice of at least two health plans (Figure 1). High-deductible health plan (HDHP) enrollees were more likely than traditional plan enrollees to report that they had a choice of health plan. Twenty-nine percent of HDHP enrollees reported that they had three Not Offered HDHP, 26% G iven the number of health plan choices available, it is not a surprise that HDHP enrollees spent more time than health plans to choose from, compared with 17 percent among traditional plan enrollees. t raditional plan enrollees choosing their health plan (Figure 3). Among enrollees who were not automatically re- Offered HDHP, No Account, 13% enrolled, HDHP enrollees were more likely to say that they spent 5–29 minutes and 1–2 hours choosing their Figure 1 hea lth plan. Traditional plan enrollees were more likely to say that they spent less than 5 minutes choosing their Number of Different Employer Health Plans Available to Choose From Offered HDHP, Don't Know plan. About Account, 7% Traditional Plan High Deductible Health Plan 40% Source: EBRI/Greenwald Research Consumer Engagement in Health Care Survey, 2022. 36% 35% Figure 3 More information about the EBRI/Greenwald Research Consumer Engagement in Health Care Survey can be 29% 29% 30% Time Spent Choosing a Plan f ound online. 35% Traditional Plan High-Deductible Health Plan 25% 25% 25% The 2022 Consumer Engagement in Health Care Survey was an online survey of 2,015 Americans ages 21– 29% 30% 64 with private health insurance coverage. It was fielded in October and November of 2022. The survey is 20% 27% 17% made possible with funding support from the following organizations: Blue Cross Blue Shield Association, 26% 25% 25% HealthEquity, Millennium Trust Company, Segal, TIAA, UMB Financial, and Voya Financial. 15 25% % 13% 11% 10% The Employee Benefit Research Institute is a private, nonpartisan, and nonprofit research institute based in 19% 20% Washington, D.C., that focuses on health, savings, retirement, and economic security issues. EBRI does not lobby 16% and doe 5% s not take policy positions. The work of EBRI is made possible by funding from its members and 3% 3% 15% sponsors, which include a broad range of public and private organizations. For more information, visit www0% .ebri.org. Have No Choice Choice of 2 Plans Choice of 3 Plans Choice of 4 or More Plans Have a Choice, but Don't 9% 10% Know How Many Plans 8% Greenwald Research is a leading independent custom research firm and consulting partner to the health and Source: EBRI/Greenwald Research Consumer Engagement in Health Care Survey, 2022. 6% 6% wealth industries that applies creative quantitative and qualitative methods to help companies stay competitive 5% 4% and navigate industry change. Leveraging deep subject matter expertise and a consultative approach, Greenwald What Informs Choices? offers comprehensive services to answer strategic business questions. For more information, go to 0% www.greenwaldresearch.com. In choosing their health plan, people most commonly ranked the following very important: a good network of Less Than 5 Minutes 5 –29 Minutes 30 Minutes to an Hour 1 –2 Hours 3 –4 Hours 5+ Hours health care providers, prescription drug coverage, low out-of-pocket costs, low premiums, and being simple to Source: EBRI/Greenwald Research Consumer Engagement in Health### Care Survey, 2022. understand (Figure 2). Generally, traditional plan enrollees and HDHP enrollees ranked these aspects of health care in the same order. However, there was one exception that is not surprising: Traditional plan enrollees reported that low out-of-pocket costs for doctor’s visits were more important than lower premiums, while HDHP enrollees reported that low premiums were more important than low out-of-pocket costs when selecting a plan. This is consistent with the idea that individuals who don’t anticipate using many health services in a given year One-quarter of those with a traditional health plan did not know whether they were offered an HDHP (Figure 4). would seek to minimize premiums by choosing an HDHP. The rest were split between being offered an HDHP (48 percent) and not being offered an HDHP (26 percent). EBRI on Twitter @EBRI or twitter.com/EBRI LinkedIn: linkedin.com/company/employee-benefit-research-institute E EB BR RI I on on T Twitt witte er r: : @ @E EB BR RI I o or r twit twitte ter r..c com/ om/E EB BR RI I L LinkedI inkedIn: n: li linke nkedin. din.c com om/compa /company ny/e /empl mploye oyee e- -be bene nef fit it- -r re es se ea ar rc ch h- -ins insti titu tute te © 2023, Employee Benefit Research Institute, 901 D St. SW, Suite 802, Washington, DC 20024, 202/659-0670 | ebri.org 2 3