Live Insurance News

Employer-sponsored health insurance is becoming more expensive

December 12, 2014December 10, 2014 S.Vagus

New report finds that workers in the US are paying more for their insurance coverage The Commonwealth Fund has released a new report that has found that the rate of growth in health insurance costs for employer-sponsored coverage has grown significantly since 2010. While the Affordable Care Act has helped mitigate the rate at which insurance premiums and costs have grown, it may not have provided significant financial benefit for individuals receiving coverage through their employers. As such, employer-sponsored insurance coverage is becoming more expensive for workers. Premiums are growing,…

Wal-Mart expands health insurance benefits

September 2, 2013August 31, 2013 S.Vagus

Retailer takes a bold step on health insurance Retail giant Wal-Mart has announced that it will begin offering health insurance benefits to the domestic partners of its U.S. employees next year. The retailer is following the lead of several other large companies that have been expanding health insurance benefits in recent months. The company will also begin offering vision care to eligible employees and their dependents. This move could be a major boon for many people in the U.S. who depend on the health insurance coverage Wal-Mart provides them with.…

UPS drops health insurance coverage for 15,000 working spouses

August 27, 2013August 24, 2013 Logan B.

UPS makes health insurance cuts citing financial concerns The United Parcel Service (UPS) of the U.S. has announced that it will be cutting the health insurance coverage it provides to approximately 15,000 spouses of full-time employees. The company is one of the largest employers in the country, but has been expressing concern regarding how the health insurance sector will be affected by the Affordable Care Act. According to UPS, the move is due to the rising costs of health care in general as well as the provisions associated with the…

Health insurance for employees is on the rise in Massachusetts

May 16, 2013May 14, 2013 G. Turner

Employer sponsored coverage is becoming more common among workers within the state. According to the data in a recent report, the percentage of employees in Massachusetts who are opting to take part in their employer’s sponsored health insurance coverage instead of taking home a larger amount of pay has increased since 2006, when the state overhauled its medical coverage system. The report also suggested that the federal Affordable Care Act may replicate this same result. The share of employees who have health insurance through their employment increased from having been…

Insurance news made by worker benefits study

April 30, 2013April 29, 2013 G. Turner

Research shows that 89 percent of employees select the same coverage options every year. According to the results of a recent survey which are making insurance news, 54 percent of workers in the United States would opt not to gain greater control over their health plan options because they feel overwhelmed by the requirement to make this type of decision. The survey was conducted online with the participation of thousands of decision makers and workers. This was the third annual Aflac WorkForces Report and it has been making insurance news…

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…

Health insurance policies are becoming stricter through employers

April 9, 2013April 30, 2013

The trend is angling toward tougher rules as companies fear that higher costs are on their way. As the concern of employers increases concerning the possible rise in health insurance costs, these companies are beginning to adopt stricter policies in order to try to keep their employees more healthy, lest it impact the wallets of those workers. Employers are starting to make it more expensive for their employees to live unhealthy lifestyles. These companies are taking on a number of different efforts to try to encourage their workers to keep…