employee sponsored health insurance Archives

Employer-sponsored health insurance grows more costly in California

April 27, 2013April 25, 2013 Logan B.

Health insurance for employers is becoming expensive in California There are concerns in California that health insurance is beginning to become unnecessarily expensive. Consumers are beginning to show worry over higher rates and employers are beginning to report that health insurance coverage is becoming more expensive and, in some cases, too costly to continue offering to employees. These concerns are backed up by a new survey from the California HealthCare Foundation. The survey shows that employer-sponsored health insurance, in particular, is certainly becoming more expensive. Survey shows costs continue to…

The increased popularity of health plans with high deductibles are causing workers to pay more

February 22, 2012May 5, 2013

As a growing number of companies are seeking to be able to continue to afford to provide their workers with health insurance, plans with high deductibles are becoming increasingly popular and are requiring those employees to pay more while receiving less. According to the Employee Benefit Research Institute’s survey data from December, 2011, 27.7 million people of working age had a health insurance plan with a deductible of a minimum of $1,000 for individuals and a minimum of $2,000 for families. According to the report on the survey, the percentage…

California is among the worst states in the country for residents without health coverage

January 4, 2012May 6, 2013

The results of a new study are showing that in 2010, California was the state with the most residents – approximately 7 million – who do not have health insurance coverage. According to the California HealthCare Foundation’s data, around 1 million children and 6 million residents under the age of 65 did not have health insurance. Among the nonelderly population of the state, an average of 21 percent were not covered by health insurance over the three years from 2008 through to the end of 2010. On the national list,…

Workers at Indiana University to pay more for health insurance next year

October 19, 2011October 19, 2011 Nordstrom

Employees at the Indiana University can expect to start paying more for their health insurance next year. According to Neil Theobald, vice presidents and chief financial officer of the university, the school is unable to keep up with the pace at which insurance rates are being increased. The university is unwilling to cut health care benefits for its staff, so has introduced a new initiative that has earned some controversy. Next year, the cost of health insurance for university employees will be based upon how much they earn, as well…

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

October 6, 2011May 8, 2013

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…