Using direct, subscription-based telehealth services provided by Telethink offers several benefits for employers, especially when these services are compatible with Health Savings Accounts (HSAs):
- Reduced Health Plan Costs: Telethink’s telehealth services can be paired with high-deductible health plans (HDHPs) to cover out-of-pocket fees, thereby reducing overall health plan costs for employers.
- Tax Savings: Employers can benefit from reduced employer FICA taxes and federal unemployment (FUTA) taxes due to employee contributions to HSAs, which can be used to pay for telehealth services.
- Limited Employer Involvement and Expense: Telethink’s telehealth services can be established and operated with minimal employer involvement and expense, as they handle recruitment, credentialing, training, insurance, compensation, and cybersecurity for their providers.
- Increased Employee Retention and Satisfaction: Offering telehealth services can increase employee satisfaction and retention, as employees can easily consult with a doctor anytime, day or night, without needing to miss work.
- Simplified Reporting: Employers are only required to report HSA contributions accurately on employees’ Forms W-2, with no need for the more complex Form 5500 filings.
- Access to Care: Telethink’s services can improve access to care, particularly outside of traditional office hours, reducing the need for emergency room visits for non-emergency conditions.
- Cost Containment: Telethink offers cost containment solutions for home health and home care agencies, which can be beneficial for employers looking to manage healthcare costs effectively.
