An HR consultant firm, Mercer, shed some light on a recent finding. The current deductible average for company sponsored PPOs is $1000. That is twice what it was last year. And from 2001-2007 it remained steady at $500, before that it was $250 in 2000.
It is being said the reasons are due to a few key point. One was that health care costs for employers has increased by 6 percent within the past four years. This is resulting in the businesses across the country putting more of the cost of deductibles and premiums onto the workers.
Another reason is the popularity of high deductible consumer directed health plans and Health Savings Accounts being on the rise. 20 percent of large businesses are offering these now. This is, in reality, another form of shifting hte cost down to workers, making them pay higher deductibles and more out of pocket.
There are advantages to HSAs and the like. They are tax free and you still carry major medical in case of emergencies.
But these plans are generally best for those who don't often need care. The bottom line, though, is that as deductibles go up, wallets get thinner. - 16928
It is being said the reasons are due to a few key point. One was that health care costs for employers has increased by 6 percent within the past four years. This is resulting in the businesses across the country putting more of the cost of deductibles and premiums onto the workers.
Another reason is the popularity of high deductible consumer directed health plans and Health Savings Accounts being on the rise. 20 percent of large businesses are offering these now. This is, in reality, another form of shifting hte cost down to workers, making them pay higher deductibles and more out of pocket.
There are advantages to HSAs and the like. They are tax free and you still carry major medical in case of emergencies.
But these plans are generally best for those who don't often need care. The bottom line, though, is that as deductibles go up, wallets get thinner. - 16928
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