Health Insurance Quote - Group Health Insurance

Many employees confused about benefits

nospam@example.com (Brafton) — Mon, 12 Dec 2011 18:00:00 -0600

A recent survey from ADP found that only six in 10 employees understand their benefits packages provided by their employers.

The ADP HR/Benefits Pulse Survey on Employee Benefit Tools also found that four in five HR professionals think that it is important for their employees to completely comprehend their benefit plan.

"With many employees asked to take on greater responsibility for managing their own benefits, there is room for improvement by HR departments to engage employees in the decision-making process," said Tim Clifford, president of benefits services at ADP.

The survey also found that two-thirds of mid-size companies do not have a communications budget to help out employees, while one-third of large companies noted the same thing. Close to half of both types of companies noted budgets did not change this year compared to 12 months earlier.

If a consumer does understand their health insurance plan offered by their employer and still is unhappy with what they see, it may be a good idea to compare affordable health insurance quotes, as there may be alternative plans available.

Employers unsure about insurance coverage due to healthcare reform

nospam@example.com (Brafton) — Sun, 04 Dec 2011 18:00:00 -0600

A recent survey from GfK Custom Research North America showed that a significant percentage of employers are worried about what the new healthcare reform laws will bring, but many are planning on continuing to offer health insurance coverage.

Nearly six in 10 employers noted they will keep health insurance coverage for their employees no matter what, the survey said. Approximately one in 10 noted they were likely to stop offering such coverage. More than half of those polled stated they were concerned that health insurance costs will be on the rise.

"This survey suggests that firms aren't considering a wholesale flight from employee healthcare coverage as healthcare reform is implemented," said Tim Nanneman, vice president and director of health insurance research. "However, many employers are skeptical about the potential effects of healthcare reform."

Consumers who are concerned that this will affect them may want to check to ensure their health insurance coverage is sufficient. If not, it may not be a bad idea to compare affordable health insurance quotes.

Report: Employees don't understand health benefits

nospam@example.com (Brafton) — Fri, 28 Oct 2011 02:00:00 -0500

A recent report from Colonial Life showed that many consumers who are employees in the public sector have a sub par knowledge of health benefits.

A total of 89 percent of human resource officials in the public sector reported that it is very important for an employee to understand their health benefits options, the report said. But only 54 percent noted that their workers have a remote understanding of such plans. Less than 45 percent noted their employees understand these plans well enough.

"Public sector employers have a tremendous opportunity to improve benefits communication without raising costs if they partner with a benefits provider that offers communication and enrollment services," said Pat McCullough, assistant vice president and public sector practice leader for Colonial Life."It doesn't have to cost them - or the taxpayers - one dime."

Consumers who do not understand their health insurance policy should examine the options that their employer offers them. If these turn out to be insufficient, it may be smart to examine private health insurance quotes to supplement them.

Organization suggests companies save money by cutting health insurance

nospam@example.com (Brafton) — Tue, 25 Oct 2011 19:00:00 -0500

A recent announcement from an employee benefits expert noted that companies may be able to utilize different methods to save money on health insurance, including trimming it or cutting it altogether.

Patrick Haraden, principal of Longfellow Benefits, recently spoke at a conference to explain options for companies in order to deal with the possibility of heatlhcare reform. One idea was that employees could pay in full for any dependent's coverage. This could cut down on the employer's costs, while still allowing the company to offer some type of healthcare plan.

"The opt-out credit is undergoing a revival," Haraden said. "This means rewarding employees who rely on their spouse's employee for coverage. Regulations, not human resources, define who's deemed a full-time, temporary or seasonal employee."

Consumers who work part-time or are involved in seasonal employment may want to still acquire a health insurance plan. In order to do this, it could be a good idea to examine multiple rates, as there could still be something that may be a perfect fit.

Survey: Employees unsure of insurance costs

nospam@example.com (Brafton) — Sun, 23 Oct 2011 19:00:00 -0500

A recent survey from Kelton Research found that only 47 percent of consumers know exactly how much of their annual salary goes toward health insurance costs.

Only 35 percent of employees knew how much their deductible was, while slightly less knew how much they had to play for premiums of any dependents on the plan, the survey noted. Only 18 percent noted that they know how much their company puts toward their premiums each month.

More than four in five consumers think they are better prepared to pick a health insurance plan than their employers are, according to the survey, while 53 percent noted they would stay with the current plan they have if an open enrollment period appeared. Approximately one-third of those polled noted they go out of their way to review their health insurance plan annually.

Consumers may want to find out how much they pay per paycheck to their plan, as well as how much their employer spends. If the plan is not sufficient, it may be a good plan to look for other health insurance plans online.

Healthcare coverage costs for employers to increase in 2012

nospam@example.com (Brafton) — Mon, 03 Oct 2011 02:00:00 -0500

Healthcare costs for employers will cost more than $10,000 on average for 2012, and this means an increase in contributions for workers as well, according to a report from Aon Hewitt.

There will be an average increase of 7 percent for healthcare premium insurance rates in the United States next year. While this is less than the 7.5 percent in 2011, it will put the amount companies have to pay per employee to approximately $10,475, the report noted. This is higher than the 2011 average of $9,792.

"In what continues to be an uncertain economic environment, organizations cannot afford health care costs growing at 7 percent each year," said John Zern, executive vice president and the Americas Practice Director for Health & Benefits with Aon Hewitt. "While health care reform continues to represent potential systemic change in a few years, employers will continue to shift cost to employees in order to keep company costs to a manageable level."

Consumers will have to pay 22 percent of their healthcare premiums, compared to last year's 21.3 percent, the report added. These figures may motivate some consumers to look for new health insurance quotes to lower their costs.

Study: Cancer care can improve, be cheaper

nospam@example.com (Brafton) — Fri, 23 Sep 2011 02:00:00 -0500

A recent study from the US Oncology Network found that cancer care in the United States could be improved in both cost and quality.

The study, called "Benchmarks for value in cancer care: an analysis of a large commercial population," found that cancer patients who have a private health insurance plan averaged a medical bill of $111,000 annually. This includes chemotherapy, trips to the emergency room as well as end of life care. In total, this costs more than 25 times the amount for non-cancer patients and four times more than cancer patients without chemotherapy.

"This study shows that the cancer care community needs to focus on delivering high-quality, evidence-based medicine with a focus on disease management that emphasizes the importance of advance care planning and end of life support," said Dr. Michael Kolodziej, the lead author of the study and an oncologist with New York Oncology Hematology.

The study found that less than 1 percent of total diagnoses in a total privately-insured population are for cancer, yet it results in 10 percent of the costs, despite much of the treatment being relatively ineffective.

Report: Commercial healthcare costs increase

nospam@example.com (Brafton) — Wed, 14 Sep 2011 19:00:00 -0500

A recent report from S&P Indices showed that the average cost of commercial and Medicare-related care covered by health insurance increased by more than 5.7 percent from July 2010 to July 2011.

The S&P Healthcare Economic Composite Index found that the past three straight months have shown successive increases. April had an increase of 5.34 percent, while May's figure was 5.55 percent and June's was 5.59 percent. The Healthcare Economic Commercial index increased 7.73 percent for the year ending in July 2011, while Medicare claim costs increased 2.35 percent, which was the annual rate.

"Continuing the general trend witnessed since April, July saw some modest acceleration in the annual growth rates in commercial healthcare costs, while there was modest deceleration in Medicare costs," says David Blitzer, chairman of the Index Committee at S&P Indices.

The growth rates in the indices that S&P examined include healthcare cost changes, not only changes in the price of healthcare, Blitzer added.

This information may show that it is important to get multiple health insurance quotes, as consumers who do this may find the best rates available.

American workers upset over health insurance offerings

nospam@example.com (Brafton) — Thu, 08 Sep 2011 02:00:00 -0500

A recent Gallup poll found a significant amount of workers are unhappy about the current state of their health insurance benefits, as well as their ability for a promotion.

In total, 30 percent of workers are not satisfied with their current health insurance options provided by their employer. This is an 11 percentage point increase from the same poll taken in 2008, the poll noted. In addition, more than one-quarter of workers think their promotion chances are poor, compared to 19 percent in 2008. Job stress also increased to 34 percent. This was a six percentage point rise.

The Work and Education poll, from Gallup, also found that 35 percent of consumers are completely satisfied with the benefits offered by their company, while another 23 percent were only somewhat satisfied. A total of 12 percent were somewhat dissatisfied, while 18 percent were completely unhappy with their work option.

Many people are dissatisfied with their insurance options, and it may benefit them to look for other healthcare quotes in order to improve their situation.

Small businesses may be paying more for health insurance

nospam@example.com (Brafton) — Mon, 29 Aug 2011 02:00:00 -0500

While many small businesses try to cut corners when it comes to spending, they may be unable to do so when it comes to group health insurance, according to Inc.com.

Many smaller companies may be overpaying for employee health insurance plans by as much as 29 percent, according to a recent report. This may be because these businesses lack access to quality affordable options, the source reports.

This is due in part to search frictions when it comes to health insurance shopping. Companies with fewer employees have less buying power and reduced access to information regarding healthcare plans. This friction causes small businesses to frequently change their insurance packages, perhaps because they are dissatisfied with their options and service, the Incidental Economist explains.

"High turnover rates undermine the quality of health plans by reducing insurers' incentive to finance care that makes their policyholders healthier in the future," said Dr. Randall Cebul, according to Inc.com.

While this may not bode well for companies shopping for employee benefits right now, impending public options may change the situation and create more affordable options to choose from, the source reports.

Large employers may share health insurance increases with staff

nospam@example.com (Brafton) — Thu, 18 Aug 2011 02:00:00 -0500

A recent survey conducted by the National Business Group on Health showed that many large American employers expect health insurance costs to rise in 2012.

Almost two-thirds of those businesses polled stated that they expected significant increases. Overall, companies predicted that group health insurance fees would rise by 7.2 percent. While that number was lower than the average increase of healthcare costs in 2011, it is higher than the rate of economic recovery in the nation, the source explains.

Because economic recovery may impact a business’ ability to cover all healthcare costs for their staff, many companies will be using cost-sharing methods in the coming year. Furthermore, many entrepreneurs will be employing cost reducing programs that incentivize thrifty healthcare use by employees, the source reports.

In order to combat some of these expenses, 73 percent of companies stated that they would offer consumer directed health plans, up from 61 percent this year. The most common form of CDHPs offered are ones that include high patient deductibles, meaning much of the cost burden will be shifted onto individuals, according to the source.

Employer-sponsored benefits may be falling by the wayside

nospam@example.com (Brafton) — Fri, 12 Aug 2011 02:00:00 -0500

While many job seekers may put much weight into whether a hiring company offers health insurance benefits, some small businesses may be putting just as much emphasis on curbing the employee benefit, according to CNNMoney.

Many small companies are attempting to cut costs by hiring part-time employees instead of full-timers. This relieves them of the burden of offering benefits like health insurance and life insurance, which can help their bottom line at a time when saving money is vital, the source explains.

While all businesses are required to offer some benefits - including Social Security and workers' compensation - others are not legally necessary, according to the Small Business Association.

As such, many job seekers hoping to get healthcare coverage for themselves and their families may be thwarted in their efforts. Some small business owners even go so far as to warn the unemployed that demanding health insurance may put them well out of the race for a position, the source explains.

"Every time we hire an employee that is full-time, whatever salary we give them, we attach 35 percent to the cost as an employer," explained business owner Liz Parker, according to the source.

Employers do not plan to drop health insurance

nospam@example.com (Brafton) — Mon, 08 Aug 2011 02:00:00 -0500

Despite rising costs, many employers will continue to offer group health insurance coverage to their staff, according to Mercer.

In its recent survey, the company found that the vast majority of employers will continue to offer health benefits even after health insurance exchanges become law in January 2014.

Only 2 percent of respondents stated that they would be "very likely" to discontinue employer-sponsored health insurance after the exchanges become active. Furthermore, a mere 4 percent said that they would be "likely" to opt out of offering the benefits, according to the source.

While many businesses intend to continue offering the coverage, they will likely be looking for ways to reduce costs amid rising healthcare bills, according to Mercer.

"There are reasons other than richness of benefits that drive up cost, such as having an older population or being located in a high-cost metropolitan area – both factors that are not under an employer's control," explained Tracey Watts of Mercer.

Some companies have reported that they will reduce contributions for dependent coverage, while others stated that they would limit the costs by setting a base amount to spend per employee, according to the source.

Employers may opt for fines over paying for health insurance

nospam@example.com (Brafton) — Thu, 28 Jul 2011 02:00:00 -0500

While 2014 may seem like a long time off, many business owners are already considering whether or not they will "pay or play" when the healthcare reform bill begins to impact insurance benefits in 2014, according to CFO Magazine.

While the penalties for opting out of employer backed health insurance will be somewhat steep - $2,000 per full time employee - some are saying that they may still drop company coverage and send staff to seek out their own plans through health insurance exchanges, the source reports.

"Over the past year I've talked to many CFOs about pay or play, and more often than not they've said that the annual penalty is less than what they're paying now," Ed Bray, and insurance expert, told the source.

A recent survey conducted by McKinsey & Company supported these opinions. The report found that 30 percent of business owners stated that they would either definitely or probably discontinue group health insurance coverage after 2014. While there were fewer entrepreneurs completely decided on dropping coverage - only nine percent were definitely going to "pay" - the statistic could be indicative of a trend to look out for once health insurance exchanges develop

Bipartisan group wants to make OTC products FSA approved

nospam@example.com (Brafton) — Mon, 25 Jul 2011 02:00:00 -0500

Flexible spending arrangements and health spending accounts can be incredibly helpful to consumers attempting to curb medical costs and save for routine medical services. Because the funds are comprised of pre-tax dollars and are often boosted by employer contributions, they can act to relieve much of the financial burden for families seeking medical care.

Unfortunately, legislation that took effect in January bars consumers from purchasing over-the-counter medicines with these accounts. Now a group of bi-partisan lawmakers is trying to remedy that by proposing a bill that would allow OTC medicines to bought using FSA funds, according to The Consumer Healthcare Products Association.

At present, individuals would need to get a prescription from their doctor in order to use FSAs to buy OTC products. Allowing families to purchase these OTC remedies without having to spend money on copays may significantly reduce health insurance costs.

"Over-the-counter medicines empower consumers to practice smart self-care, efficiently and cost-effectively," CHPA president Scott Melville said. "It's part of our health system that works well and effective health reform should build on what's working."

Survey: Recession has caused millions of Americans to lose health coverage

nospam@example.com (Brafton) — Wed, 16 Mar 2011 02:00:00 -0500

An estimated nine million adults lost their health insurance during the past two years due to the economic recession, according to a new report.

According to the Commonwealth Fund 2010 Biennial Health Insurance Survey, 57 percent of people who lost their health insurance received coverage through an employer-sponsored plan. Approximately 43 million adults became unemployed during that time, leaving many families without health coverage, and driving some into debt with medical expenses.

Only a quarter of those who lost their employer-sponsored plans were able to find another source of health coverage, according to the report, while only 14 percent were able to keep their coverage through the Consolidated Omnibius Budget Reconciliation Act (COBRA). Furthermore, 71 percent of adults who tried to purchase coverage within the last three years either could not find a plan to fit their needs, were rejected due to pre-existing conditions or simply could not afford the premiums.

Commonwealth Fund President Karen Davis said the establishment of the Affordable Care Act will bring relief to countless families who have been left without medical coverage.

"Once the new law is fully implemented, we can be confident that no future recession will have the power to strip so many Americans of their health security," she said.

The U.S. Department of Health and Human Services reports that provisions in the Affordable Care Act - such as providing tax credits to small businesses and the introduction of a Pre-Existing Condition Insurance Plan - will ensure that a majority of Americans have access to healthcare.

Health insurance coverage rates increase at small employers

nospam@example.com (Brafton) — Tue, 28 Dec 2010 02:00:00 -0600

More employees at small businesses are gaining group health insurance coverage, reports the Los Angeles Times.

According to the newspaper, tax credits made available under healthcare reform may be fueling the trend. The law allows for employers with a small staff that meet certain income requirements to obtain credit for providing health insurance coverage as a benefit.

Gary Claxton of the Kaiser Family Foundation told the paper that given current economic conditions, the increase in employer-offered coverage is surprising.

Those who are not offered health insurance as a benefit from their employer have other options. Depending on income, some people may qualify for government-sponsored coverage. In other cases, people can search for affordable health insurance quotes online to compare rates.

By 2014, people will also have the option of searching rates through a health insurance exchange. The program is one of the initiatives of the Affordable Care Act. While some people have voiced support for the healthcare system overhaul, the latest Rasmussen survey reveals that nearly 50 percent of likely voters want to see the law repealed.

There are a number of provisions under healthcare reform that are likely to impact all Americans in some way. Some of the new regulations have already taken affect while others will be implemented in the coming years.

Group calls for proper billing by health insurers

nospam@example.com (Brafton) — Thu, 23 Dec 2010 02:00:00 -0600

Determining medical costs can be a confusing experience. The process can become even more convoluted when payments for seeing a doctor outside of a plan's network.

The Medical Society of the Nation of New York (MSSNY) is standing up to health insurance companies that don't properly cover out-of-network physician care. A previous investigation by the state's attorney general revealed multiple insurers were inappropriately charging for care by physicians considered to be out-of-network.

MSSNY president Dr. Leah McCormack says consumers shouldn't be mischarged.

"According to the law, patients and employers should get what they pay for," says McCormack. "If they paid for the right to see the physician of their choice-who may be out of the plan's network - they should actually be able to avail themselves of this benefit."

Other laws have also been implemented that determine fees for health insurance companies. Under the Affordable Care Act, for example, insurers must spend at least 80 percent of premium payments on patient care. Furthermore, insurers must obtain permission before imposing any rate hikes on policyholders.

Early detection key for good cancer prognosis

nospam@example.com (Brafton) — Mon, 29 Nov 2010 02:00:00 -0600

Detecting a disease in its early stages is crucial for successful treatment. Many patients can combat a condition more effectively through early diagnosis.

Thanks to the Affordable Care Act, health insurance companies will be required to cover expenses associated with certain preventative care tests, including many of those for cancer.

According to the Centers for Disease Control and Prevention, colorectal cancer is one of the most fatal forms of the disease. More than 50,000 died from the condition in 2006, says the CDC. Furthermore, the CDC notes that colorectal cancer is increasingly prevalent among older African-Americans.

Dr. Marcus Plescia, division of cancer prevention and control director, says early screening is crucial.

"More work is needed to widely implement evidence-based cancer screening tests which may lead to early detection and, ultimately, an increase in the number of lives saved," says Plescia.

Patients should ensure they are getting the appropriate screenings when they see their doctor. Those who have avoided visiting their physician due to costs can research affordable health insurance quotes or look into federal plans in order to find coverage.

Funding helps healthcare workers pay back loans

nospam@example.com (Brafton) — Mon, 22 Nov 2010 02:00:00 -0600

Many benefits from the Affordable Care Act have been touted by policymakers. Among the provisions, include allowing adult children to stay on their parents' plans until age 26 and barring insurers from denying coverage based on medical history.

The Act is also helping to support healthcare workers. The National Health Service Corps has a loan repayment program where workers get up to $60,000 to repay loans in exchange for working two years at a healthcare facility underserved communities.

As the population continues to age, a greater need for healthcare workers will present itself.

Health and Human Services Secretary Kathleen Sebelius says making care more accessible benefits everyone.

"Increasing access to primary care physicians who can support the physical and mental well-being of individuals can help prevent disease and illness, and ensure everyone - regardless of where they live - has access to comprehensive, high-quality care," says Sebelius.

In addition to visiting healthcare centers, people can look for affordable health insurance quotes online in order to save money. Rates can vary depending on the type of plan purchased.

Survey finds employers still plan on offering health benefits

nospam@example.com (Brafton) — Fri, 12 Nov 2010 02:00:00 -0600

With only portions of healthcare reform already in place, many are still anticipating the effects the rest of the legislation will have on the insurance options.

The Healthcare Reform Survey by Willis Group Holdings reveals that many companies still plan to offer coverage, rather than have employees purchase individual health insurance through an exchange.

Willis chief placement officer Pete Gruenberg says it's important to understand what measures will be taken to be in compliance with laws and how they will impact employees.

"Healthcare reform presents one of the biggest changes and challenges to employers who offer healthcare benefits since ERISA (employee retirement income security act) was passed 35 years ago," says Gruenberg. "With such a large change we felt it was important to understand how employers were interpreting and planning to handle the changes."

According to the study, more than 70 percent of businesses say they plan on having employees pay more for health benefits. One way people can help offset such an expense is to set aside money in a health savings account. The plan allows participants to hold funds tax-free for medical costs.

Most employees report paying more for health insurance

nospam@example.com (Brafton) — Wed, 10 Nov 2010 02:00:00 -0600

Year after year, costs for medical plans continue to rise, making it difficult for people to find affordable health insurance quotes. In fact, data from the Kaiser Family Foundation says the average annual premium for a single health insurance plan has increased 114 percent in the past 10 years.

A Towers Watson survey reveals more than 70 percent of employees say they are expected to contribute more to their employer-sponsored plans. While people are paying more than ever for coverage, they are less satisfied with it. Sixty-four percent of respondents said they are pleased with their provider, down from 69 percent in 2007, according to the survey.

Towers Watson senior healthcare consultant Ron Fontanetta says better health may ultimately curb costs.

"The growing health care affordability gap is a very real problem that employers must consider as they rethink their total rewards program and approach to health care subsidies," says Fontanetta. "The key to future success is a well-designed plan with creative and meaningful consumer and wellness incentives to slow cost inflation and improve employee health and productivity."

Exercise is one way people can improve their health and possibly require less medical care. Many experts advise at least 30 minutes of physical activity several days a week.

Health benefits to stay at many businesses, survey finds

nospam@example.com (Brafton) — Tue, 09 Nov 2010 02:00:00 -0600

States will be required to have health insurance exchanges in operation by 2014. The program is designed to provide people with affordable health insurance quotes, especially for those who aren't offered coverage through their employer.

As a result of such a system in place, some people have voiced their concern that employers will stop offering coverage in order to reduce operating costs. However, a study from consulting firm Mercer reveals that isn't likely to happen with large employers.

According to the Mercer survey, only 6 percent of businesses with at least 500 employees said it was likely they'd stop offering health insurance to its staff.

Mercer partner Tracy Watts says it may not be in a company's best interest to stop providing health coverage.

"Employers are reluctant to lose control over a key employee benefit," says Watts. "But beyond that, once you consider the penalty, the loss of tax savings and grossing up employee income so they can purchase comparable coverage through an exchange, for many employers dropping coverage may not equate to savings."

Many businesses are unsure of the full effect healthcare reform will have on them, making it difficult to gauge how they will proceed under the new laws.

Employees urged to take care when selecting benefit options

nospam@example.com (Brafton) — Thu, 04 Nov 2010 02:00:00 -0500

The Ohio Department of Insurance is reminding residents to closely inspect their health insurance options. When insurers offer plans to a company, they often send a packet of information. Some employees may only glance at the data and quickly enroll in a plan. Instead, it is advisable to carefully review offerings.

Many companies may be changing offerings, especially with new laws in place that impact costs for employers. Some businesses have switched plans to end up shifting more expenses to their staff.

Mary Jo Hudson, the Director of the Ohio Department of Insurance, says open enrollment is the ideal time to review benefits and ensure the appropriate plan is selected.

"Employer open enrollment refers to the period of time during which all members of an employer's group health insurance plan have the opportunity to enroll in certain benefit programs," says Hudson.

Those who work for an employer that doesn't offer health insurance or who are self-employed should consider purchasing an individual health insurance plan. While people aren't required to have coverage until 2014, a solid plan can offer financial protection in the event of a major sickness.

Follow-through needed for wellness programs to be most effective

nospam@example.com (Brafton) — Wed, 03 Nov 2010 02:00:00 -0500

With health insurance costs edging upwards, employees aren't the only ones looking to save money. The amount employers will have to pay for coverage is increasing as well. There are, however, things that can be done to mitigate costs.

A survey released by RedBrick Health reveals that setting program goals and rewarding employees for their success is one way to increase employee health engagement. Workers who are have incentives to be healthy can help drive down group health insurance rates.

Kyle Rofling, a chief executive officer for RedBrick Health, says wellness programs won't be effective if not properly implemented.

"Employers continue to deploy health management programs to help control costs and improve business performance," says Rolfing. "Yet year-to-year, these programs yield disappointing sustained engagement rates of less than 20 percent."

Costs associated with unhealthy employees do more than drive health insurance rates up. Those who don't take of themselves can end up with illnesses that can result in more sick days and decreased productivity. In the long run, investing in wellness programs may ultimately save money despite their initial investment.

Tax credit may spur more companies to offer health benefits

nospam@example.com (Brafton) — Tue, 02 Nov 2010 02:00:00 -0500

Having group health insurance is something many people take for granted. This holds particularly true for those who work for large employers. People who work for small companies, on the other hand, frequently have to purchase individual health insurance plans.

However, healthcare reform may change that. The Wall Street Journal notes that small businesses have an incentive to start offering health insurance - a tax credit up to 35 percent for premiums. Despite the credit, costs for coverage continue to rise and can still put companies in a difficult situation financially.

The Journal also notes that provisions like allowing adult children to remain on a parent's health insurance plan until they are 26 are being cited by insurers as part of the reason why small businesses are feeling squeezed by the new laws. There are a number of rules under the Affordable Care Act, such as having to cover preventative services, that must be complied with.

By 2014, most Americans will be required to have health insurance. For those who aren't offered a plan through their employer, health insurance exchanges will be set up. Those who meet certain criteria may be eligible for federal coverage.

Employees urged to review health insurance plans

nospam@example.com (Brafton) — Fri, 22 Oct 2010 02:00:00 -0500

Several provisions of the Affordable Care Act are being implemented this year. This could result in some changes being made to a person's benefits. That is why communications and consulting firm HighRoads is urging employees to take an extra look at their health insurance plan during open enrollment.

HighRoads CEO Michael Byers says most people don't take the time to consider any changes to their plan.

"This year more than ever is the year for employees to pay closer attention to plan materials or face the prospect of unanticipated costs or reduced benefits," says Byers. "Some new changes may be costly, even dramatic, and every employee should arm themselves with information."

HighRoads recommends people review what they've spent on co-pay's and other medical expenses and compare them the benefits being offered. As needs change, some plans may offer more financial benefits than others.

People who can't obtain health insurance through an employer, should consider purchasing an individual or family health insurance plan. The coverage can prove invaluable in the event of a major sickness or accident.

Not as many benefiting from COBRA subsidy as thought

nospam@example.com (Brafton) — Wed, 20 Oct 2010 02:00:00 -0500

The unemployed have few options for obtaining health coverage. Some people opt to purchase an individual health insurance policy while others may qualify for coverage under the Consolidated Omnibus Budget Reconciliation Act if they experienced a job loss.

Given the high volume of people being laid off and who have been out of work for extended periods of time, COBRA subsidies have been made available by the government to help cover costs. Data from research institute EBRI says that not as many people benefited from the subsidies as initially thought.

EBRI health research and education program director Paul Fronstin says it's difficult to gage how many have taken advantage of the subsidy offering.

"The COBRA subsidies that became available in April 2009 do appear to have had an impact on the percentage of nonworkers with coverage through a former employer," says Fronstin. "But they appear to have assisted far fewer than the originally estimated seven million individuals."

A number of Americans continue to struggle to find work. Data from the Bureau of Labor Statistics says the unemployment rate is nearly 10 percent, where it has been for the past year.

Milwaukee employers brace themselves for healthcare costs

nospam@example.com (Brafton) — Fri, 15 Oct 2010 02:00:00 -0500

A number of employers are bracing themselves for increased healthcare expenses under the Affordable Care Act. HCTrends conducted the Greater Milwaukee 2011 Health Plan Renewal Survey last month to obtain insight as to how the state's employers are reacting to the new regulations.

The survey found that nearly 30 percent of respondents anticipate a renewal health insurance rate increase of 15 percent. However, the average expected rate increase hovers around 8 percent to 10 percent.

The increase in plan rates may have some people who work for small employers looking for individual health insurance plans in 2014. The survey results found that more than a quarter of employers with fewer than 20 employees and almost 20 percent of employers with fewer than 100 employees may stop offering health insurance benefits in the future.

To help cover costs, the government does offer a Small Business Health Care Tax Credit to small businesses in order to help them provide health insurance benefits to their staff. The credit is extended to employers with fewer than 25 full-time employees with an average annual salary of less than $50,000.

Fewer children on commercial health insurance plans receiving vaccines

nospam@example.com (Brafton) — Thu, 14 Oct 2010 02:00:00 -0500

Research from the National Committee for Quality Assurance shows that the number of children receiving vaccinations is declining. However, there appears to be a disparity between vaccination rates and the type of insurance coverage a child has.

Children who were covered through an individual health insurance plan or private company were less likely to receive vaccinations than those who are on Medicaid. The NCQA says vaccination rates in those children decreased by 4 percent compared to those with commercial plans last year.

NCQA president Margaret O'Kane says vaccines can provide children with important protection against many diseases.

"The drop in childhood vaccinations is disturbing because parents are rejecting valuable treatment based on misinformation," says O'Kane. "All of us in healthcare need to work together to get better information to the public."

The Centers for Disease Control and Prevention says that it's important for children to receive vaccinations because their immune systems may not be strong enough to fight off some diseases. Furthermore, the CDC says immunizations help slow down and even prevent outbreaks of serious diseases.

NCQA asserts that the decline in vaccination rate may have something to do with parents believing the unproven idea that there is a relationship between vaccinations and autism in children.

Employees look favorably upon voluntary insurance offerings

nospam@example.com (Brafton) — Fri, 08 Oct 2010 02:00:00 -0500

A lot of people who have tried to find affordable health insurance quotes on their own can attest that doing so is a difficult task. That is one of the reasons why employees value health insurance coverage as such an important component of their compensation package.

A national study by a major insurance company found that more than 80 percent of people think more highly of an employer who offers voluntary insurance benefits. Furthermore, almost 90 percent of prospective employees said it was important for an employer to offer health insurance along with a range of voluntary insurance offerings.

A representative from the health insurance provider says offering a range of benefits is important for employee satisfaction.

"Employers should consider including voluntary insurance as part of their benefits portfolio - employees expect them, and when they are offered, employees tend to become healthier and more productive at work," he said.

Healthier employees can also result in savings for an employer. Those who are in better health are less likely to use sick days or require expensive medical care.

Patients want more time with their healthcare provider, poll finds

nospam@example.com (Brafton) — Wed, 06 Oct 2010 02:00:00 -0500

Healthcare costs and affordable family health insurance plans have been at the forefront of discussions surrounding reform. A recent poll, however, shows that more than costs are on the minds of many consumers.

Data from the American Academy of Physician Assistants reveals that more than 30 percent of those polled said they are more satisfied with their healthcare when they can effectively communicate and spend more time with their care team.

AAPA president Patrick Killeen says the role of a physician's assistant is extremely important since they are frequently the first to speak with a patient.

"If we're able to expand the presence of physician-led teams in the health care system, we can meet patients' expectations that they'll have access to high quality, coordinated care, and that they'll be able to spend time with their provider to discuss treatment options for them and for their families," says Killeen.

Even though this poll shows patients would like to spend more time with their healthcare provider, that may not happen. Some predict a shortage of medical care staff in the future. With most Americans being required to have health insurance by 2014, there could be a larger number of people seeking care.

Study finds many employers plan to increase preventative care benefits

nospam@example.com (Brafton) — Wed, 29 Sep 2010 02:00:00 -0500

The Patient Protection and Affordable Care Act has gained a great deal of media attention. Recently, a number of provisions became effective. However, many are still waiting to see how employer healthcare programs will be affected by the laws.

A HighRoads study reveals that nearly half of employers plan to bolster their preventative care benefit offerings. Currently, 60 percent of respondents said they offer at least some preventative care services free of charge.

HighRoads principal Josh Miley says there may be a surge of people receiving preventative care services, especially if they have been forced to forgo care due to financial constraints in the past.

"Unfortunately, given the current economic environment, many believe that employees have foregone preventative care when copays are required in lieu of paying their mortgage or other necessary bills," says Miley. "This may contribute to a spike in utilization once copayments are removed."

Preventative care is extremely important for patients to receive. Early detection of some conditions can delay their onset. A heightened risk of developing type 2 diabetes, for example, can be greatly reduced through proper diet and exercise.

Survey finds many don't understand employer health insurance benefits

nospam@example.com (Brafton) — Tue, 28 Sep 2010 02:00:00 -0500

With healthcare being a major topic of discussion in the news as of late, more people are closely looking at their own health insurance options. A recent survey conducted by a major health insurance provider reveals that 40 percent "somewhat" understand their benefits package.

Part of the reason so many respondents say they don't completely understand their health insurance options is the language used. More than 70 percent said the open-enrollment process would be easier for them if simpler terminology was used instead of complex jargon.

It's important for people to completely understand their coverage options in order to make the most educated decision. Health insurance needs can change over time. A certain level of coverage may be needed for small children, while another one might be necessary for those who are getting ready to attend college, for example.

A number of employers are also beginning to roll out health savings accounts as part of their benefits offerings. Employees should make sure they are well-versed in the program offerings before deciding whether they want to participate, especially if they haven't used a similar plan in the past. Such accounts can help save on family health insurance bills.

Health insurance trumps bigger salary, survey finds

nospam@example.com (Brafton) — Tue, 28 Sep 2010 02:00:00 -0500

A solid paycheck isn't the only thing that employees want from their employer. A recent survey conducted by the American Payroll Association reveals that other benefits play an important role.

The survey of nearly 30,000 people reveals that more than 40 percent of employees place more value on health insurance than on a larger paycheck.

Generally speaking, purchasing health insurance through an employer is the least expensive route for people to take. Most employers cover a certain percentage of costs as a benefit. Those who don't have the option of getting coverage through their employer can look for affordable health insurance quotes online to fine a plan that best meets their needs.

American Payroll Association executive director Dan Maddux says there are ways employees can help reduce their healthcare costs.

"The uncertainty surrounding healthcare is a big concern for employees and business alike," says Maddux. "As the costs of healthcare continue to rise, employees should consider Flexible Spending Accounts and other pre-tax, voluntary payroll deductions to ease the burden of these necessary expenses."

FSAs have grown in popularity as healthcare expenses have continued to edge upward. Contributions to such accounts save money as federal income and employment taxes are not deducted.

Group aims to help Oregon employers start value-based programs

nospam@example.com (Brafton) — Fri, 24 Sep 2010 02:00:00 -0500

Healthcare reform is forcing companies of all sizes to reasses their insurance benefit offerings. Employers with more than 200 employees, for example, are required to automatically enroll their staff unless they specifically opt out.

A nonprofit group called the Oregon Coalition of Health Care Purchasers is setting out to help companies in light of reform. The goal of the organization is to help employers with value-based benefits.

The National Business Coalition on Health president and CEO Andrew Webber says that companies are looking for ways to cut costs while still providing for their employees. Employers are reportedly responsible for nearly 60 percent of healthcare plans in the country.

"Through this project employers will be able to integrate and better understand the health data on their covered populations, which is critical for successful benefit design and employee communications," says Barbara Prowe of the Oregon Health Strategy Project.

There are a variety of websites individuals can go to if they are confused about new provisions under the Patient Protection and Affordable Care Act. Recently, the government unveiled its own website where consumers can get information about individual and family health insurance plans through private and government channels.

Employer-based health insurance coverage declining

nospam@example.com (Brafton) — Wed, 22 Sep 2010 02:00:00 -0500

Americans have several options to consider when it comes to health insurance. People can chose from individual health insurance plans, obtaining coverage from an employer-based plan, and the government in some cases.

Research from the Employee Benefit Research Institute reveals that while employer-based coverage remains the most common source for insurance, the number of people going with that option is declining. Last year, 59 percent of people were covered by an employer plan, down from 61.1 percent in 2008.

EBRI report author Paul Frontstin says the downward trend of employer-based coverage is expected to continue.

"These trends are due to job losses resulting from the recent recession and the slow economic recovery, fewer workers being eligible for health insurance coverage, and more workers with coverage choosing to drop it," says Fronstin. "With unemployment remaining high, these trends are almost certain to continue when the data are released for 2010."

However, in the upcoming years fewer people will be able to opt out of having health insurance. Under the Affordable Care Act, most Americans will be required to have health insurance by 2014.

More health insurance options for some Pennsylvania workers

nospam@example.com (Brafton) — Mon, 20 Sep 2010 02:00:00 -0500

Thousands of restaurant employees who struggled to find affordable individual health insurance quotes in the past will have access to health insurance.

The Restaurant Health Care Alliance is a collaboration of efforts between the National Restaurant Association and a major health insurance company. It's estimated that more than half a million restaurant workers will gain access to healthcare at more affordable prices.

Pennsylvania Governor Ed Rendell says offering affordable health insurance options to more workers in the state is important.

"Providing health care coverage options to restaurant employees and helping restaurant owners – many of whom are small business owners - cut through the complexity of the health care market is critical to the success of this important industry in Pennsylvania which currently represents nearly 10 percent of our total workforce," says Rendell.

Salaries can vary greatly in the restaurant industry depending on the type of establishment and job title. Data from the U.S. Department of Labor Statistics reveals cooks, for example, earn anywhere from $22,120 to more than $66,680. Those on the lower end of the pay scale may experience more difficulty affording health insurance coverage.

Workers chipping in more for healthcare

nospam@example.com (Brafton) — Thu, 02 Sep 2010 02:00:00 -0500

It's not uncommon for some people to feel as though their paycheck doesn't go as far as it once did. Research shows it may not be just a feeling, but a fact.

The Kaiser Family Foundation and the Health Research and Educational Trust recently revealed results from their Employer Health Benefits Survey. Their data reveals that workers on average are paying $482 a year more for family health coverage than they did in 2009.

With many businesses still struggling financially, many companies are saddling more of their employees with healthcare costs.

HRET president and American Hospital Association research vice president Dr. Maulik Joshi says burdening employees with healthcare costs can have consequences.

"High out-of-pocket expenses and premiums affect health care decisions for patients," says Joshi. "If premiums and costs continue to be shifted to consumers, households will face difficult choices, like forgoing needed care, or reexamining how they can best care for their families."

Even though costs may seem high, people shouldn't go without health insurance. In the event of a serious illness or accident, hospital bills could far exceed the monthly insurance premiums paid.

Funds issued to research antibiotic resistance

nospam@example.com (Brafton) — Mon, 30 Aug 2010 02:00:00 -0500

When a person becomes ill and needs medication, in most cases they can easily obtain a prescription drug that will treat their ailment. However, even with the best health insurance available, some conditions can't be treated because they are resistant to frequently used medications.

The U.S. Department of Health and Human Services' Biomedical Advanced Research and Development Authority recently announced they are awarding funds worth between $27 and $464 million in contracts to help support research of antibiotics used to fight bioterrorism and antibiotic resistant infections.

"This new antibiotic is part of our push against antibiotic resistance for certain bacterial infections, and at the same time could provide a new treatment for plague and tularemia biothreats," said BARDA Director Dr. Robin Robinson. "It's the first time BARDA research and development funds have been used in a multi-use approach like this."

The National Network for Immunization Information says antibiotic resistance is growing in common illnesses such as meningitis and pneumonia. They cite the frequent use of antibiotics, sometimes when not necessary, for the growing level of resistance.

More people relying on COBRA services

nospam@example.com (Brafton) — Wed, 25 Aug 2010 02:00:00 -0500

With the unemployment rate still high at 9.5 percent, according to the Bureau of Labor Statistics, a number of people are relying on Consolidated Omnibus Budget Reconciliation Act for their health insurance needs. COBRA allows people to stay on their employers health insurance plan at their own expense.

Research by consulting firm Aon says COBRA is being strained from the increased number of people relying on the coverage. They report that more people are utilizing COBRA services as they get closer to losing the coverage all together.

Aon senior vice president Tom Lerche says people should expect to see additional expenses coming their way.

"In addition, we expect to see new costs related to excise taxes and potential cost shifting from reductions in Medicare reimbursement to providers, which will be on top of existing long-term medical trend inflation," Lerche said. "These factors will lead many employers to consider increased employee contributions for health coverage, as well as plan design cost sharing."

Employees have already begun to pay higher health insurance premiums. The Kaiser Family Foundation says premiums for employer-sponsored plans increased almost 8 percent from 2005 to 2006 and just over 9 percent the year before that.

Employers embrace preventative care, survey finds

nospam@example.com (Brafton) — Thu, 19 Aug 2010 02:00:00 -0500

It could be said that the best way to treat a condition is to prevent it from happening at all. That is why preventative care services can play such an important role in a person's health and in keeping costs down for health insurance companies and employers.

A survey by the Midwest Business Group on Health looked into the relationship between employers and preventative care services. Virtually all employers surveyed said that they played a role in their staff getting preventative care services. Also, the survey shows that employers are mainly motivated to offer such services because they can help keep employees healthy and more productive.

"Employers are increasingly investing resources in preventive care and wellness programs to reduce health care costs and improve the health and productivity of their employees," said MBGH president and CEO Larry Boress.

Getting screened for certain conditions like diabetes, for example, can greatly reduce health care costs down the road. If a patient knows they are at risk for developing the disease, they can alter their lifestyle to reduce their chances.

Employers prepare for health insurance cost increase

nospam@example.com (Brafton) — Wed, 18 Aug 2010 02:00:00 -0500

With the signing of the Affordable Care Act comes many changes. It's not just the health insurance companies who anticipate feeling a financial pinch in the future. Employers who are offering health insurance as a benefit foresee having to reexamine their budgets as well.

According to a survey by the National Business Group on Health, 53 percent of large U.S. employers surveyed anticipate making changes to their benefits plans. Additionally, 25 percent of employers said they plan on increasing co-payments for prescription drugs.

National Business Group on Health president Helen Darling says that employers must be aware of the financial impact health care will have on their company financially.

"While the health reform law has forced employers to evaluate their health care benefit strategies and decide whether to comply with the law or lose grandfathered status, they haven't lost sight of the fact that controlling rising costs remains one of, if not their highest priority," said Darling. "They have to foot the bill, not the government."

Many people obtain their health insurance coverage through their employer. Those who do not have that option turn to the government for assistance or pay for the coverage on their own.

Some employers use programs to monitor employee health

nospam@example.com (Brafton) — Mon, 16 Aug 2010 02:00:00 -0500

The high cost of health insurance is driving some employers to look into innovative ways to maintain group health insurance, but also keep expenses down. The Kaiser Family Foundation says that health insurance costs rose 4.4 percent in 2008, a smaller increase than seen in previous years.

One way some employers are trying to keep costs down is through preventative care measures. Interactive programs, like Medforma's next-generation health portrait platform, allows employers to get an idea of how healthy their staff is.

"With our latest advancements, employers will receive invaluable information to help them better manage health costs and wellness investments," said Medforma CEO Kye Anderson. "At less than $50 per employee per year, our platform is highly affordable, but the advantages are substantial, especially considering the high cost of keeping employees healthy and productive."

Medforma asserts that the majority of health care costs come from diseases that are preventable. Conditions like type 2 diabetes can be controlled and even prevented if appropriate actions are taken. Monitoring programs may help detect lifestyle shortcomings and alert people to take steps to make them healthier before conditions develop.

Many companies predict losing 'grandfathered' status

nospam@example.com (Brafton) — Tue, 10 Aug 2010 02:00:00 -0500

Under healthcare reform, companies can earn "grandfathered" status, which allows them to keep many of their health care coverage provisions and lightens the amount of changes needed to be in compliance with the law.

However, 90 percent of companies say they believe they will lose their grandfathered status, according to a study by Hewitt Associates. A company can lose the status for several reasons, including raising deductibles or changing insurance companies.

"Employers reviewing their existing health care strategies in light of reform are focused on answering two questions: What changes do I need or want to make to my health care plans? And how can I make them without significantly increasing costs?” said Hewitt's Health Management practice leader Ken Sperling.

Over 70 percent of companies surveyed said that they think they will lose grandfathered status because of plan design changes and almost 40 percent cited subsidy level changes as a reason for losing the status.

Kiplinger reports that a large number of companies will push the additional healthcare cost burden on their employees by raising premiums and co-payments.

Many employers to review health care benefits, survey finds

nospam@example.com (Brafton) — Thu, 29 Jul 2010 02:00:00 -0500

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.

Employers not happy with health insurance carriers

nospam@example.com (Brafton) — Tue, 29 Jun 2010 02:00:00 -0500

Employees aren't the only ones who have problems with health insurance companies as most employers are dissatisfied too, according to the J.D. Power and Associates 2010 U.S. Employer Health Insurance Study.

Out of a possible 1,000 points, overall satisfaction averaged out to 611 points, the research reveals.

Even though costs play a large role in determining which health insurance provider a company uses, the study of nearly 4,800 employers found that service is even more important.

It's not uncommon for an employer to reach out to their health insurance carrier with a problem, which is why quality service is so important.

"More than 80 percent of employers that contact their carrier do so because they have a problem or issue to address, and for those that experience a problem, its resolution becomes the most important aspect of their overall carrier experience," says senior director of health care practices Rick Millard.

High levels of dissatisfaction can lead to companies switching providers. As health insurance costs continue to eat away at employer's profits, they may be more likely to switch providers if quality standards aren't met.

Employers not cutting all benefits in down economy

nospam@example.com (Brafton) — Mon, 28 Jun 2010 02:00:00 -0500

Even with companies still feeling the pain from the sluggish economy, some employee benefits are still holding strong.

Health care benefits for domestic partners have not be impacted significantly from the recession, according to a report from the Society for Human Resource Management.

The report found that 37 percent of employers offer health care coverage to same-sex partners and 38 percent to opposite-sex partners, which is essentially the same as what was found in 2008.

A decrease in coverage, however, was found for "long-term health care insurance," which dropped from 38 percent in 2009 to 31 percent this year, according to SHRM.

"Although the recession has presented challenges in the continued support of some employee benefits, some organizations are finding creative ways to replace the more costly benefits with alternative, less costly, family-friendly benefits," SHRM director of research Mark Schmit said. "These progressive companies will likely fare better in retaining key talent as employment opportunities increase post-recession."

Health care coverage costs are a major expense that doesn't appear to be decreasing any time soon. Some employers have chosen to pass the increased costs of health care onto their employees who wish to have the health coverage.

Health insurance coverage not as widely available for same-sex couples, study finds

nospam@example.com (Brafton) — Fri, 25 Jun 2010 02:00:00 -0500

Disparities exist in employee-sponsored health insurance coverage between same-sex and heterosexual couples, a study by the University of California at Los Angeles found.

In California, male gay couples were only 42 percent as likely as heterosexual couples to get dependent care coverage through their employer. The study found that lesbians had only a 28 percent chance of receiving coverage as a couple.

While they assumed there would be some level of inequality, the researchers said that the gap between same-sex and heterosexual health insurance coverage is wider than they previously thought it would be.

Associate professor at UCLA Ninez Ponce said that eliminating inequalities is the only way everyone will receive quality health coverage.

"We found no strong evidence to suggest that California employers are discriminating in providing health insurance to gay and lesbian workers as individuals," says Ponce. "However, we did find that employers were setting coverage rules for dependents that favored legally and heterosexually married employees."

The data for the survey was collected after the passing of the California Insurance Equality Act of 2005. The Act prohibits insurance providers from offering different levels of coverage for same-sex and heterosexual couples.

Knowing their options can help consumers solve healthcare challenges

nospam@example.com (Brafton) — Tue, 18 May 2010 02:00:00 -0500

Getting the appropriate medical treatment is not always easy - even for consumers with insurance coverage.

Knowing their options, however, can help such individuals navigate their way toward better care and affordable health insurance quotes, according to a recent report by CNN Money. Flexible spending accounts offered by many employers are one tax-free way consumers can set aside money, while mail-order prescription plans are often less expensive than their pharmacy-based counterpart.

Individuals with limited income and no access to employer-sponsored insurance may find it difficult to afford individual coverage. Group plans offered by some trade associations may be an option, according to the report. Consumers whose claims are denied may attempt a reversal.

"Make your appeal in writing, send it by certified mail, and request a return receipt," the report said. "Directly address the reasons the insurer gave for the rejection and include as much documentation as possible."

A series of provisions included in the healthcare reform act may help those with other insurance challenges, like pre-existing medical conditions or gaps in Medicare coverage. Young adults under age 26 will also be able to remain on their parents' health insurance plans.

Healthcare costs increase rapidly in 2010, report says

nospam@example.com (Brafton) — Tue, 11 May 2010 02:00:00 -0500

Uncertainty leading up to healthcare reforms may have caused some employers to boost their insurance quotes during the previous months, according to a recent report by Milliman, Inc.

Such costs reached $18,074 for an American family of four in 2010, a $1,303 increase over previous year. This 7.8 percent year-over-year growth represents the largest total-dollar increase since the global consulting and actuarial firm first performed the study in 2006.

Families in New York, Miami and Chicago pay more than $20,000 annually for their health insurance, while those in Phoenix pay as little as $16,071. Inpatient and physician costs make up the majority of these expenses, which have steadily increased during the past five years.

"The economic environment, and particularly the high rate of unemployment, also has implications for healthcare costs," Chris Girod, principal and consulting actuary for MMI, said. "When employees are laid off, there are also cost ramifications for the remaining employees."

The percentage of Americans with employer-sponsored insurance decreased from 59.3 percent in 2007 to 58.5 percent the following year, according to data from the Census Bureau.

New program may help early retirees receive health insurance

nospam@example.com (Brafton) — Tue, 04 May 2010 02:00:00 -0500

A new federal program aimed at assisting early retirees may fill some of the coverage gaps caused by a growing number of employers dropping insurance, according to a recent release by the Department of Health and Human Services.

The Early Retiree Reinsurance Program included in the Patient Protection and Affordable Care Act will provide coverage for those who retire after age 55, but are not yet eligible for Medicare benefits. About $5 million has been allocated for this service, according to the report.

The number of employers offer retiree insurance has dropped to 31 percent from the 66 percent reported in 1988. Growing medical costs have increased the burden faced by uninsured individuals.

"This new program will provide much-needed relief so that employers can provide more retirees with quality, affordable insurance, starting this year," Health Secretary Kathleen Sebelius said.

Applications will become available for employers in June. Those with self-funded, private, nonprofit and other kinds of insurance will be eligible for the Early Retiree Reinsurance Program, which will run through 2014. Other provisions from the healthcare reform bill effective that year may keep coverage affordable.

IRS offers health insurance tax benefits for parents

nospam@example.com (Brafton) — Wed, 28 Apr 2010 02:00:00 -0500

Many young adults lose access to their parents' health insurance coverage when they graduate from secondary or higher education.

The Patient Protection and Affordable Care Act changes the rules for these individuals by allowing them to remain on their parents' plans through age 26. The Internal Revenue Service has taken steps to make the health insurance quotes even more affordable by allowing employees to make pre-tax contributions to such policies.

Individuals currently using their cafeteria plans to cover children under age 27 may be eligible for the tax benefits starting March 30, 2010, forward. Children do not need to be a dependent in order to qualify for this coverage, according to the IRS. Parents whose policies do not cover their adult children may also receive tax benefits immediately, but must adjust their coverage by the end of 2010.

"We want to make it as easy as possible for employers to quickly implement this change and extend health coverage on a tax-favored basis to older children of their employees," said Doug Shulman, commissioner for the IRS.

Federal reform allowing young adults to remain on parents' plans longer will take effect September 23.

Affluent Americans list healthcare costs as top concern

nospam@example.com (Brafton) — Thu, 22 Apr 2010 02:00:00 -0500

Low-income households and individuals with pre-existing medical conditions are not the only ones concerned about increasing health insurance quotes.

Healthcare costs were the top financial concern listed by affluent Americans surveyed in Bank of America's Merrill Lynch Affluent Insights Quarterly. While 49 percent of respondents said they were worried about meeting their financial goals during the current economic conditions, 62 percent were concerned about medical expenses. Saving for retirement was the second most common concern.

"People are feeling better about the economy but still worry about the sustainability of the improvements and have big questions about what to do next," Sallie Krawcheck, president of Bank of America Global Wealth and Investment Management. "They want to preserve capital, minimize risk and hopefully make up some of their losses, but they're not entirely sure where to begin."

Half of the respondents in the survey said that all retirees should have their healthcare costs covered, according to the report. Seventy percent of those age 35 to 50 do not think Medicare will offset healthcare expenses during retirement. Respondents within this age group also reported challenges funding their children's education.

The recent Patient Protection and Affordable Care Act is aimed at reducing health insurance costs for those who need it by mandating that all Americans purchase coverage.

Healthcare cost-shifting increases claims for auto insurance companies

nospam@example.com (Brafton) — Thu, 22 Apr 2010 02:00:00 -0500

Growing health insurance quotes are having an effect on a different kind of coverage: auto insurance.

A recent report by the Insurance Research Council showed that hospital charges are increasingly being paid for through auto injury claims. This has materialized in about $1.2 billion in excess costs, and may be a result of lower reimbursements from government-sponsored health insurance programs like Medicare and Medicaid.

This trend was observed by comparing bodily injury liability claims in Maryland, where cost-shifting has been eliminated, with those in other states, according to the report. Elizabeth Sprinkel, senior vice president of the IRC, said this behavior represents the relationship between property/casualty insurance and healthcare.

"Healthcare legislation enacted by Congress last month underscores the complexity of this relationship," she said. "It will take months, if not years, to understand the full impact of the reforms on hospital cost shifting and the auto insurance system."

Most states currently require residents to purchase auto insurance or have sufficient assets to cover claims. Provisions under the Patient Protection and Affordable Care Act will similarly mandate universal health insurance coverage. Both of these measures are aimed at keeping premiums low for all customers.

Report: Workers may need to take greater responsibility for health

nospam@example.com (Brafton) — Fri, 09 Apr 2010 02:00:00 -0500

Companies hoping to take control of health insurance quotes may pass some of this responsibility to their workers, according to a recent report by Ceridian Corporation.

The report indicated some approaches employers will take in the wake of federal healthcare reform. The Patient Protection and Affordable Care Act will soon issue penalties for Americans who do not purchase health insurance coverage - and for companies that do not offer it.

Promoting wellness programs is one way employers may be able to reduce health insurance claims. Consumer-directed care is another, according to the report.

"Ultimately, employers don't feel they will bring health care costs under control until they help employees achieve a much greater level of personal responsibility for their own health," said Bart Valdez, executive vice president and general manager of Ceridian Benefits Services. "They don’t feel the health care reform law adequately supports employers in doing this."

Recent reform forces companies whose health insurance offerings do not meet minimum standards to pay an 8 percent payroll tax. Those that pay an annual wage of $40,000 will be taxed $3,200 per worker, according to the White House. Small businesses will be able to receive a tax credit through the program.

Americans do not understand terms in healthcare reform debate, survey says

nospam@example.com (Brafton) — Wed, 07 Apr 2010 02:00:00 -0500

Recent healthcare reform prevents insurers from charging higher premiums for indiviudals with pre-existing conditions.

This may mean little to the 55 percent of Americans who don't know what a pre-existing condition is, according to a recent survey by the National Association of Insurance Commissioners. The survey tested the insurance IQ of 1,000 American adults and found that 86 percent of them do not understand all the terms used during the healthcare debate.

"Consumers today are being forced to make difficult decisions about their insurance coverage - decisions that could have a very profound impact on their financial future," said NAIC Chief Executive Officer Therese M. Vaughan. "At the same time, they are being overwhelmed with new and sometimes conflicting information about changes to our nation’s health care policies."

Much of the recent reform is aimed at strengthening coverage for Medicare customers. Forty percent of respondents in NAIC's survey did not know that eligiblity for the government-sponsored program begins for most Americans when they reach age 65.

Others were unaware of if or when workers could make changes to an employer-sponsored group plan.