A new survey released yesterday by Towers Watson, a leading professional service and consulting firm, and the National Business Group on Health, a trade organization, claims that health insurance is getting more expensive, but is also covering much less than it used to. The survey, which targeted several large companies throughout the U.S., shows that employees are paying more for their coverage this year than they have in the past. They are also subject to more restrictions on their insurance and health care options, with many benefits being cut by…
Read MoreTag: high deductible health insurance
The increased popularity of health plans with high deductibles are causing workers to pay more
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…
Read MoreGallup survey shows that employer provided health insurance is disappearing
A new survey from the Gallup Organization, a consultation and polling company, shows that employer sponsored health insurance is on the decline. The survey began on January 1 of 2011 and came to its conclusion on December 31 of the same year. Declines in insurance coverage are a persistent trend in the U.S. despite claims from the federal government. The Obama administration insists that the Affordable Care Act has brought coverage levels to an all time high. While this may be true for young adults, this is not the case…
Read MoreReport shows that employees in California will be paying more for their health insurance coverage
InstantHealthInsuranceQuotes.com, a premium aggregation website, has released a new report that shows how employees in California are beginning to pay more for their insurance coverage. The report suggests that employers are trickling down the cost of coverage to their employees in an attempt to offset the cost of insurance. This is largely due to the rate at which health insurance premiums are rising. Some employers claim that rates are rising to levels that they can no longer support without more help from workers. The company’s report is based on a…
Read MoreThe answers to frequently asked questions about health insurance rate increases
Many consumers are facing increases to the insurance premiums that they pay for health coverage every month, and as a result of this, several questions are arising. In response, the industry is working to make information more readily available to help to answer these questions. Some of the more common question include the following: • Does the health care reform overhaul prevent health insurance companies from making their typical annual rate increases? The answer is “no”. However, the health care reforms do force insurance companies to take certain steps to…
Read MoreWhat can you do to reduce your health insurance premiums
The continued struggle of the economy has forced the country to try to keep healthcare spending down, and has forced many Americans to put off medical care due to financial constraints, but there are some things that can be done to minimize the amount that they spend on health insurance without sacrificing their coverage altogether. Being an informed customer can be a very important step to making sure that you are getting the most coverage at the lowest possible price, and to ensure that you are protected for everything that…
Read MoreReport highlights the sluggish growth of health care spending due to U.S. recession
The worldwide recession has had a major impact on the health care system of the U.S. The effects are quite obvious in terms of insurance. As thousands of people throughout the country lost their jobs, they also lost their health insurance coverage. The recession, which lasted from late December 2007 to the middle of 2009, suppressed health care spending in the U.S. significantly, according to the federal government. The Obama administration released a report this week from the Department of Health and Human Services showing the impact of the recession…
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