Our Value To..

How does Noodle Create Value for Employers?

Noodle’s comparison of the total cost and risk of hundreds of health plans for thousands of different families has revealed the consistent superiority of High Deductible Health Plans (HDHP) combined with Health Savings/Investment Account (HSA). These HDHP/HSA’s reduce both the total cost to the employer, because the total premium for the HDHP is usually hundreds or thousands of dollars less.

For example, Noodle’s recent comparison of health plans for a company’s 161 employees showed that switching from the company’s current plans to the HDHP/HSA would save each employee several hundred dollars and reduce risk to the employees’ families. In addition, for each employee who switches the company will save $465, a potential savings of more than $75,000.

The advantages to the employer are these:

• Experience shows that Significant Cost Savings of Several Hundred to Several Thousand Dollars per Employee often results when employees better match their health care coverage to their health care needs.
• The employer is Responsive to Employee Confusion in the enrollment process by delivering transparency through a comprehen-sive, but straightforward, side-by-side comparison using two understandable measures.
• Employers Are Able to Improve Significantly Employee Perception of the quality of their health benefits and be viewed as an innovator in its concern about health care for its employees.
• Noodle can assist the employer in Better Matching Health Care Coverage For Various Employee Segments To The Health Care Needs of Those Segments, and
• Employees Need Not Be Computer-Savvy to Benefit From Noodle’s Comparison, because the results of the comparison for each employee, based on data available to the employer, are provided as part of the enrollment materials. Employees may further personalize their information by visiting Noodle’s website.