How Concierge Medicine and HSAs Work Together to Cut Health Care Costs

Concierge medicine seems to be the new trend in health care these days, with more people than ever choosing this type of provider over more traditional physicians. When you combine the benefits of concierge medicine with a high-deductible health plan (HDHP) that’s linked with a health savings account (HSA), you have a winning combination.

What Is Concierge Medicine?

This model of medical care first appeared on the scene in the mid-Nineties and was initially created with wealthy individuals in mind. For an annual fee, doctors who participate in concierge medicine limit the number of patients they see and provide better, more personalized care to the patients they have. From direct access to physicians via email, phone calls and texts to increased time spent with the doctor, more and more patients have decided that the annual fee for their participation is well worth the money.

Now that the idea of concierge medicine has become more popular, it has also become more accessible to people who are not affluent. It is a classic case of supply and demand—as more patients choose this level of health care, more physicians decide to participate. This, in turn, means even more patients want this type of personalized coverage.

How Is a Concierge Physician Different?

One of the biggest differences between a concierge physician and a traditional one is his or her accessibility. Concierge physicians develop a personal relationship with their patients, which includes 24-hour access in many cases. For example, if you visit your regular doctor, you might spend 10 minutes with him. A concierge physician will spend at least 30 minutes with you.

A concierge physician will also provide you with email and telephone numbers so that you can follow up directly with him if you have questions or concerns. If you have ever tried to speak directly with your doctor in order to have questions answered or issues addressed, you know how nearly impossible it is. And you certainly are not given your physician’s personal telephone number!

Find out how concierge medicine works here…

About Concierge Medicine Journal

Concierge Medicine Journal (CMJ) curates breaking concierge medicine news, and editorial opinion on a wide variety of topics relevant to the practice of Concierge Medicine.

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