Nearly half of Americans with private insurance—47%—are covered by high-deductible plans, up from 25% in 2010. That’s driven up out-of-pocket health spending among people with employer coverage—from $493 in 2007 to $792 in 2017.
The National Business Group on Health is projecting the total cost of providing medical and pharmacy benefits to increase 5 percent for the fifth consecutive year in 2018.
An annual survey by the benefits consulting firm Mercer found that, among 75 Hoosier employers, 34 percent of workers are already enrolled in consumer-directed health plans. And that number is only going to go up due to new Obamacare rules.
Health insurance has long been a business-to-business endeavor between insurers, employers, hospitals and doctors. Patients received benefits, but they weren’t really customers. That’s all about to change.
Sizable Indianapolis companies like the Archdiocese of Indianapolis, consumer-ratings service Angie’s List, Marsh and Wilhelm Construction have switched to consumer-directed health plans. There’s some evidence nationally that the trend is set to accelerate.
Federal health reform will trump an Indiana law that allows health insurers to offer steep discounts to employers with healthy workers and which institute aggressive wellness programs, but experts say other provisions will motivate small firms.
The “father of health savings accounts” isn’t satisfied. At 80, J. Patrick Rooney is gearing up for another health care reform
battle in Washington–five years after winning a colossal victory when Congress awarded health savings accounts tax-free status.
Marsh Supermarkets Inc.’s decision to offer its employees a health reimbursement account as their only health insurance option
this year has captured the attention of local employers and benefits consultants.