Larger Employers More Likely to Offer Health Insurance, Survey Says
In a unique 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 witness revealed that while the costs continue to rise, they are rising at a slower slump than in prior years. This contemplate 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 befriend 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 part 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 notice 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 build them available to unmarried opposite-sex domestic partners, and nearly 37 percent offer such benefits to same-sex partners.
* Ample 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 Record, in which workers can space aside pre-tax money to hide out-of-pocket health care spending.
* Enormous 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 descend health coverage altogether
The complete watch is available online at the Kaiser Family Foundation.
Source:
http://media.prnewswire.com/en/jsp/main.jsp? resourceid=3553507
In a unique 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 seek revealed that while the costs continue to rise, they are rising at a slower wander than in prior years. This view 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 befriend 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 section 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 contemplate 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 gain them available to unmarried opposite-sex domestic partners, and nearly 37 percent offer such benefits to same-sex partners.
* Gargantuan 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 employ pre-tax dollars to pay for their allotment of their health premium costs.
* 22 percent offer a Flexible Spending Yarn, in which workers can place aside pre-tax money to camouflage out-of-pocket health care spending.
* Vast 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 gape is available online at the Kaiser Family Foundation.
Source:
http://media.prnewswire.com/en/jsp/main.jsp? resourceid=3553507
Tagged with: Affordable Family Health Insurance • family health insurance • Family Health Insurance Plan • family health insurance rate
Filed under: family health insurance
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