A TransUnion Healthcare study has found more evidence that employees are bearing the brunt of healthcare costs in the form of deductibles and OOP maximums, with a 13 percent rise in both between 2014-2015.
Read the full article at: www.benefitnews.com
“Employers, the report concludes, are lowering their premiums through coinsurance and high deductible plans that force employees to assume a larger share of the costs. In the meantime, however, initiatives such as self-directed healthcare, intended to reduce healthcare costs by encouraging value-based purchase decisions and lower utilization, have so far failed to gain traction.” The article points to employee disengagement as part of the issue, in part due to the fact that price transparency is only just evolving.
Employers can take the out-of-pocket burden off of employees
by switching to partial self-insurance. Download the
Nonstop Quick Guide to Partial Self-Insurance now to learn more:
The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a ‘covered opinion’ or other written tax advice and should not be relied upon for any purpose other than its intended purpose