Health Insurance Coverage
Written by Faith Anderson on July 25, 2012
Employees to Pick Up More of Health Care Cost
The survey found that another 10% of employers polled hadn’t yet made up their mind about whether or not to get rid of health insurance coverage. Unfortunately, even among those employers who said they wouldn’t do away with health coverage, most plan to make employees pick up more of the cost associated with it, through higher co-pays, premiums and deductibles. Deloitte’s online survey, conducted between February and April 2012, polled 560 randomly-selected companies with 50 or more employees that offer health benefits. In addition to outlining the rate of employers who plan to do away with health coverage, the survey also showed that small businesses with fewer than 50 employees view health insurance exchanges in a more favorable light than bigger companies.
Online Health Insurance Exchanges
Under health reform, all states are required to establish health insurance exchanges – online marketplaces where consumers can buy subsidized health plans – by the year 2014. These health care exchanges are geared toward making health insurance more affordable for the uninsured and underinsured individuals across the country. By 2014, companies with 50 or more full-time workers must start providing health insurance for their employees, or face penalties. For more small businesses, the health reform and insurance exchanges means a new way to shop for less expensive health insurance plans for their workers. For larger companies, they will be required to offer their employees health insurance by 2014 anyway, although possibly at a lower cost.