The high deductible health plan is becoming the industry standard

health insurance

Businesses and individuals alike are trying to save money by increasing their up-front costs. Though a high deductible health plan had once been considered a last resort alternative for companies that had limited resources, are now becoming the new normal, including among Fortune 500 corporations. According to a senior actuary at Towers Watson, Mark Olsen, “A number of employers have looked at this over the last couple of years, and they’ve said, ‘No, this isn’t the year, no this isn’t the year.” However Olsen added that this year, they have…

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Study shows cost for employees for health insurance is set to rise

The findings of an Aon Hewitt study are showing that the average per-employee cost for health insurance will increase beyond the $10,000 mark in 2012, regardless of the fact that costs are rising more slowly than the current 2011 rate of 7.5 percent. The rate for healthcare premiums is expected to increase by 7 percent, but the actual cost of premiums for each employee is forecasted to be over $10,400. When compared to the 2010 figure of less than $9,800, the 2012 is notably higher. Workers will be responsible for…

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