Monday, May 24. 2010
Health care benefits are changing substantially in Michigan, according to a study by McGraw Wentworth.
Traditionally, Michigan residents enjoyed health care benefit plans with more lavish offerings than found in other areas of the country, but more companies are beginning to change their benefit levels, making them comparable to more companies nationwide. The survey revealed that employers are placing more of the financial burden of health care on employees through increased co-payments and deductibles.
A major trend taking place is a rise in consumer-driven health plans, plans in which employees are responsible for putting money aside for medical costs. Last year, 19 percent of employers offered CDHPs, this year the number increased to 23 percent, according to the survey.
"We are seeing benefit levels and cost strategies that are on par with national trends," says Rebecca McLaughlan, managing director, McGraw Wentworth. "Consumer-driven health plans are here to stay with more employers encouraging enrollment in the plans."
Despite the trend of employers placing more financial responsibility for health care on employees, the survey revealed that companies are investing in wellness programs for their staff. Wellness programs are designed to help employees better manage and prevent costly medical conditions.
Last year, the average individual plan was $4,824, according to Kaiser Family Foundation.
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