Thursday, July 29. 2010Many employers to review health care benefits, survey finds
Health care reform has employers reviewing their health insurance offerings as they anticipate rising expenses.
A recent survey by Fidelity Investments reveals that 84 percent of employers are going to review the health care benefits they provide. Nearly the same amount indicated that they believe health insurance is an important benefit that helps attract and maintain talent and will be just as, if not more important, moving forward. "Company executives are taking a close look at their overall benefit strategies in the wake of the new health care reform legislation," says Fidelity benefits consulting services senior vice president Sunit Patel. "Over the long run, health care reform could lead to significant changes to an employee's benefits well beyond health care coverage." The government is pushing for all employers to offer health insurance as a benefit. Under health care reform, the government is offering small businesses with fewer than 25 employees up to a 35 percent tax credit to help provide health insurance to their employees. Small employers, in particular, indicated in the survey that they were concerned about cost increases.
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