Empowered Patient Podcast Health Payment Account Fee-Free Interest-Free System to Cover Healthcare Expenses with Brian Whorley Paytient
Brian Whorley, Founder and CEO of Paytient, has created health payment accounts to help patients and their families manage medical costs. Working with employers, Paytient offers fee-free, interest-free funds to cover deductibles, out-of-pocket charges, and veterinary services. Using an employer-supplied Visa card, healthcare charges can be paid back over time based on individual circumstances.
Brian explains, "The Paytient card lives alongside your HSA. It lives alongside your FSA. It helps to preserve or protect those balances and gives people time, peace of mind, and security that no matter what happens throughout the year, they have dollars to pay for care. Folks can just swipe the Paytient card, pay the provider, and then pick up and split that transaction into a payment plan that works best for them and their family's budget. They can select the source of funds, like essentially a healthcare wallet that's always full. They can choose to repay Paytient via a linked bank account. They can do just payroll deductions. They could link an HSA or an FSA. They can link to another debit card. And essentially, we're bringing liquidity to the table and restoring access to care."
"Paytient is available as an employee benefit. We work with 1200 plus employers nationwide who provide Paytient to their employees. And so employees receive Paytient. On January 1, hundreds of employers will offer Paytient, and employees can swipe the Paytient card and pay that surprise out-of-pocket medical, dental, vision, pharmacy, and veterinary care. So, many of our folks may have vet insurance, or they may not, but they can take their furry family member to the vet, simply pay the vet, and turn that surprise $200 into 20 bucks out of their following ten checks. And they're able to take the sting out of that unexpected amount."
#Paytient #EmployeeBenefits #HRA #AffordableHealthcare #HealthEquity