Employer-sponsored health insurance costs jumped this year

Health insurance - Costs - money - stethoscope

The average cost of the coverage per worker rose by the largest amount in 2021 that it has since 2010. The average cost of employer-sponsored health insurance per worker saw its highest annual increase this year that it has since 2010. This occurred as the benefit costs rose faster than inflation and the earnings of the workers themselves. The Mercer 2021 National Survey of Employer-Sponsored Health Plans showed that there was a 6.3 percent average increase in the cost of employer-sponsored health insurance this year. Employees and their families began…

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One in 6 employees stay at their jobs for the health plan

Health plan - Helath Insurance Plan

A West Health and Gallup study showed that people are sticking with employers that cover them. West Health and Gallup recently released the results of a study in which they found that 16 percent of workers are staying at their jobs in order to keep their health plan. The fear of losing their insurance benefits is locking people into positions they’d like to leave. “Approximately 158 million people, or more than half of the U.S. adult population, receive health insurance via their own employer or the employer of a household…

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Health insurance plan coverage for 5 million Californians at risk

Health insurance plan coverage - statue of Lady Justice

Legal experts indicate that the ACA is likely to survive but a ruling may not occur until spring 2021. If the US Supreme Court decides to overturn the Affordable Care Act (ACA), health insurance plan coverage among Californians could face the biggest risk in the country. Millions of people across the state rely on billions in federal funds to afford their policies. The state has implemented a spectrum of forms of health insurance plan coverage and programs since Obamacare went into place. These include initiatives that expand well beyond the…

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Health insurance plan enrollment has shifted due to the pandemic

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As is the case with everything else, signing up for coverage has been impacted by COVID-19. As has been the trend with virtually everything in 2020, health insurance plan enrollment has been impacted by the presence of the pandemic. The coverage and benefits have altered due to the impact of the pandemic on health care. As insurers, employers, and even Medicare have seen the needs of policyholders change throughout the pandemic, they have made changes to coverage in an effort to better respond COVID-19. Consumers are also taking a closer…

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Employer sponsored health insurance costs are up 4 percent this year

Employer sponsored health insurance - health insurance costs

The Kaiser Family Foundation data also showed that they have risen by 55 percent in 10 years. Employer sponsored health insurance costs have been rising steadily for Americans, having increased by 4 percent to $21,342 this year, according to a recently published Kaiser Family Foundation (KFF) study. The annual KFF survey found that workers are paying almost $5,600 for their coverage this year. KFF’s annual survey determined that American workers are paying almost $5,600 int their employer sponsored health insurance for family coverage. In 2010, that figure had been closer…

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Stage actors face lost health insurance while already dealing with unemployment

Lost health insurance - stage actors

The fund covering thousands of performers requires a minimum number of weeks worked. Following the theater industry lockdown, stage actors who are already struggling with unemployment are now facing lost health insurance. The fund that provides them with medical coverage requires them to work a minimum number of weeks in order to qualify. Professional actors and stage managers must work 11 weeks to qualify for six months of coverage. Since the theater industry is shutdown, stage actors and managers cannot work in that industry at all, making it very difficult…

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Nearly all nonprofit health insurance co-ops are shutting down

Nonprofit health insurance co-ops - Stethoscope

Of the approximately two dozen that existed during the first few years of ACA, only 3 will soon remain. In the early days of the Affordable Care Act (ACA), there were about two dozen nonprofit healthy insurance co-ops. However, now that New Mexico Health Connections announced it will be shutting down at the close of 2020, that number will fall to only 3. Among the three remaining, one is in Maine, one is in Wisconsin and one is in Idaho and Montana. That last of the nonprofit health insurance co-ops…

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