Workers may no longer need to fear continuing spikes in out of pocket costs. In the pre-health care reforms environment, it had become a significant trend among small businesses to repeatedly hike deductibles and other costs that their workers were required to pay out of pocket in order to ensure that they would be able to continue to offer medical insurance in as coverage prices continue to rise. Now, the Affordable Care Act will limit the amount of cost that employers will be able to shift to workers. The federal health…
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Employer sponsored health insurance here to stay
Study takes aim at employer-sponsored health insurance The Affordable Care Act has created a degree of uncertainty surrounding the issue of employer sponsored health insurance. The law is slated to make significant changes to the U.S. health care system, but the majority of these changes will not go into effect until 2014. The law was passed in 2010, providing ample time for worry and concern to take root in consumers and businesses alike. A recent study from Towers Watson, a leading professional services firm, takes aim at the issue of…
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