As the rules, restrictions and complexities of Obamacare bring new challenges and increased plan costs to employer groups, it’s time to step back and take a look at what IS working – and make sure that your company is taking full advantage of these opportunities.
Cost Expected to Rise 7%
According to a new survey by the National Business Group on Health (NBGH), employer-provided health care benefits are expected to rise an additional 7% in 2013. Sixty percent of employers plan to increase the percentage of the premium paid by employees in 2013; however, most indicated it would be by less than 5%. Continue reading
To combat cost increases that are expected to top 7% this year, many employers are looking at consumer directed health plans for savings. More than half of employers surveyed recently by the National Business Group on Health are increasing the percentage of plan costs paid by employees while 4 out of 10 have increased their in-network deductibles. When it comes to large employers, 75% are offering High Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs) this year, compared to just over 60% in 2011. Continue reading