High-deductible health plans have been touted as a savvy behavioral tool to motivate enrollees to more closely scrutinize the price tag of imaging tests, brand-name drugs and more. But at what point does the hefty deductible discourage employees and their families from getting potential health problems checked out or treated?
The key factor driving HSA growth is that premiums for high-deductible health insurance plans, which the law requires be linked to HSAs, tend to be lower than more traditional health plans, according to numerous surveys.Read More
Employers are addressing the practice in part by looking at their benefit design and increasing deductibles and lowering out-of-pocket maximums so workers must pay a larger share for going out of network.Read More
Fidelity said April 11 that the number of health savings accounts it administered in 2011 jumped to 119,000, up 61 percent compared with 74,000 in 2010, its greatest annual increase.Read More
Large employers at the annual National Business Group on Health conference held last week grappled with uncertainty around health care, but one thing was clear: Employees will be asked to do more to keep costs down by staying healthy and becoming savvier consumers. Read More
The Affordable Care Act, passed in 2010 and being rolled out in stages, is designed to ease health care cost pressures. Still, skeptics abound, and a pending ruling from the U.S. Supreme Court over a key provision of the law—whether the government can require Americans to buy insurance—only adds to the confusion for small-business owners shopping for coverage.Read More
Most early-adapting companies are in the first of three phases to a value-based approach to health care, which involves reducing or eliminating costs around specific medical conditions that have, or may in the future have a negative effect on an employer's health insurance costs.Read More
Amid steadily rising costs, employers, especially larger organizations, continue to take action to try to hold down cost increases to more manageable levels, according to the Mercer survey.Read More
The key difference between the Kaiser Family Foundation and Aon Hewitt surveys is that the KFF survey included more fully insured plans, 40 percent, and more small and midsize firms, 85 percent, with fewer than 5,000 workers. More than 75 percent of the data from the Aon Hewitt survey was collected from large, self-funded employers with employee populations of more than 10,000.