With all of the uncertainty and changes in healthcare, one certain change is employees’ share of the health care coverage is increasing. Hiveaway helps employers by simplifying the added responsibility to employees.
“One thing employers say they will do is keep increasing the employees’ share of health care costs. Employees cost-sharing has climbed 5.1 percent since last year to reach $12,136 in 2013, but that’s the smallest increase in 15 years. Despite the relatively stable cost increases of the last few years, employees contribute 42 percent more for health care than they did five years ago compared to a 32 percent increase for employers, the survey found.” With higher cost share comes more High Deductible Health Plan (HDHP) enrollment as well as other changes.
“Over the next five years, the vast majority (92 percent) of employers anticipate at least modest change in health care, while nearly half of employers expect a “significant or transformative” change. More specifically, 49 percent expect more health care price transparency..” Hiveaway is confident that pricing transparency is a trend that is here to stay.
What’s interesting is this poll was for employers with more than 1,000 employees, but these changes affect small to mid size cmpanies the most. Small and mid size companies are in a difficult position because jettisoning employees to the exchanges make them less competitive. In addition, these companies do not have the buying power larger plans do, so they especially need Hiveaway’s platform to help employees simplify their healthcare plan and show the advantages of controlling their own healthcare.
http://www.benefitspro.com/2013/03/08/employer-health-coverage-safe-for-now?eNL=513a314bca9f806d7c0001d2&utm_source=BenefitsProNewsAlert&utm_medium=eNL&utm_campaign=BenefitsPro_eNLs&_LID=134934339″ target=”_blank”>http://www.benefitspro.com/
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