Rachel Emma Silverman of the Wall Street Journal examines the rise of high deductible health plans (HDHPs), and how in 2017 84% of large employers plan to offer an HDHP to employees (35% will only offer an HDHP as an option). The average deductible of an employee only plan is now approximately $1500.
Read the full original article from the Wall Street Journal.
Silverman writes, "Deductibles will be a pain point for many employees. For the first time, more than half of workers—51%— have a deductible of more than $1,000 for a plan covering a single person, compared with 46% last year, according the Kaiser/HRET survey."
Despite the fact that individuals continue to pay more for premiums, they aren't protected against incurring expensive medical bills with deductibles this high. Employers can take steps to reduce or eliminate out-of-pocket costs for employees, the first of which is learning more about partial self-insurance - an innovative healthcare model that can save organizations a baseline of 12.5% on healthcare spend. Learn more in the Nonstop Quick Guide to Partial Self-Insurance:
