Larger Employers More Likely to Offer Health Insurance, Survey Says
In a new press release, the Kaiser Family Foundation researched the trends in employer based health insurance plans. They announced that premiums for employer-sponsored health insurance coverage continued to rise. The 2007 see revealed that while the costs continue to rise, they are rising at a slower dart than in prior years. This inspect provides the opportunity for employers and employees alike to compare their company health insurance benefits with overall business trends.
Size of business health insurance
In 2000 over 69 percent of employers offered health insurance; last year approximately 60 percent of businesses offered it. Nearly all businesses that have more than 200 employees offer some type of health attend to their workers. Less than half of businesses with three to nine employees offer health insurance to their employees.
Cost of health insurance premiums
“Every year health insurance becomes less affordable for families and businesses. Over the past six years, the amount families pay out of pocket for their portion of premiums has increased by about $1,500,” said Kaiser President and CEO Drew E. Altman, Ph.D.
As many Americans know, premiums have risen dramatically. In fact, this study states that health insurance premiums have risen over 78 percent since 2001. Today’s worker pays an average of over $3,000 towards their health insurance coverage. On average, companies pay a total of $12,100 for a family health insurance policy.
Other findings include:
* The average general annual deductible for single coverage is $461 for PPOs, $401 for HMOs, $621 for POS plans
* For plans with three- or four-tiered drug co-pays, the average co-payments were $11 for generic drugs, $25 for preferred drugs, and $43 fornon-preferred drugs.
* Nearly half (47 percent) of all firms that offer health benefits produce them available to unmarried opposite-sex domestic partners, and nearly 37 percent offer such benefits to same-sex partners.
* Expansive firms (with at least 200 workers) were more likely to offer domestic partner benefits to unmarried opposite-sex partners
* 61 percent of firms that offer health benefits allow workers to consume pre-tax dollars to pay for their fraction of their health premium costs.
* 22 percent offer a Flexible Spending Tale, in which workers can station aside pre-tax money to cloak out-of-pocket health care spending.
* Great firms (200 or more workers) are far more likely to offer flexible spending accounts than smaller firms.
* Overall, 21 percent of firms say they are “very likely” to raise workers’ premium contribution next year.
* Very few firms say they are “very likely” to restrict eligibility for coverage or fall health coverage altogether
The complete peek is available online at the Kaiser Family Foundation.
Source:
http://media.prnewswire.com/en/jsp/main.jsp? resourceid=3553507
In a new press release, the Kaiser Family Foundation researched the trends in employer based health insurance plans. They announced that premiums for employer-sponsored health insurance coverage continued to rise. The 2007 peep revealed that while the costs continue to rise, they are rising at a slower spin than in prior years. This gawk provides the opportunity for employers and employees alike to compare their company health insurance benefits with overall business trends.
Size of business health insurance
In 2000 over 69 percent of employers offered health insurance; last year approximately 60 percent of businesses offered it. Nearly all businesses that have more than 200 employees offer some type of health abet to their workers. Less than half of businesses with three to nine employees offer health insurance to their employees.
Cost of health insurance premiums
“Every year health insurance becomes less affordable for families and businesses. Over the past six years, the amount families pay out of pocket for their piece of premiums has increased by about $1,500,” said Kaiser President and CEO Drew E. Altman, Ph.D.
As many Americans know, premiums have risen dramatically. In fact, this leer states that health insurance premiums have risen over 78 percent since 2001. Today’s worker pays an average of over $3,000 towards their health insurance coverage. On average, companies pay a total of $12,100 for a family health insurance policy.
Other findings include:
* The average general annual deductible for single coverage is $461 for PPOs, $401 for HMOs, $621 for POS plans
* For plans with three- or four-tiered drug co-pays, the average co-payments were $11 for generic drugs, $25 for preferred drugs, and $43 fornon-preferred drugs.
* Nearly half (47 percent) of all firms that offer health benefits invent them available to unmarried opposite-sex domestic partners, and nearly 37 percent offer such benefits to same-sex partners.
* Enormous firms (with at least 200 workers) were more likely to offer domestic partner benefits to unmarried opposite-sex partners
* 61 percent of firms that offer health benefits allow workers to exhaust pre-tax dollars to pay for their piece of their health premium costs.
* 22 percent offer a Flexible Spending Narrative, in which workers can spot aside pre-tax money to mask out-of-pocket health care spending.
* Expansive firms (200 or more workers) are far more likely to offer flexible spending accounts than smaller firms.
* Overall, 21 percent of firms say they are “very likely” to raise workers’ premium contribution next year.
* Very few firms say they are “very likely” to restrict eligibility for coverage or topple health coverage altogether
The complete peek is available online at the Kaiser Family Foundation.
Source:
http://media.prnewswire.com/en/jsp/main.jsp? resourceid=3553507
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Filed under: Family Health Insurance
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