Industry News

1 in 3 Workers Plans to Boost Benefits During Open Enrollment

1 in 3 Workers Plans to Boost Benefits During Open Enrollment During this open enrollment season, many workers are planning to choose new insurance benefits and increase their coverage due t...

Controlling Health Care Spending with Coinsurance 

Controlling Health Care Spending with Coinsurance Moving from copayments to coinsurance for specialist office visits could provide a viable alternative to saving healthcare costs, according to...

Employers Explore Cost-Saving Benefit Strategies

Employers Explore Cost-Saving Benefit Strategies Employers are looking at a variety of strategies to control health care costs according to a study by Gallagher. Novel Approaches Some nov...

The Growing Demand for Voluntary Benefits

The Growing Demand for Voluntary Benefits In 2020, 45% of employers enhanced their voluntary benefits including healthcare and non-healthcare. That’s a 5-point increase over the previous year,...

How COVID-19 Is Affecting Open Enrollment This Year

How COVID-19 Is Affecting Open Enrollment This Year A LIMRA study reveals how some employers are re-examining employee benefits due to COVID-19. More employers are looking into online enro...

Confusion Leads to Bad Health Plan Choices

Confusion Leads to Bad Health Plan Choices Almost a quarter of employees faced with the choice of two employer-sponsored health care plans picked the one that left them worse off financiall...

Does Meeting the Deductible Drive Low-Value Health Care Services?

Does Meeting the Deductible Drive Low-Value Health Care Services? A study by the Employee Benefit Research Institute (EBRI) reveals that members who met their plan deductible were 83% more like...

Employers Eye New Health Delivery Approaches

Employers Eye New Health Delivery Approaches In the next three years, 73% of employers plan to roll out new health delivery models, according to a survey by Willis Towers Watson. From August 11...

Employers Won’t Cut Medical Benefits in 2021

Most Employers Say They Won’t Cut Medical Benefits in 2021 Only 18% of employers say they’ll shift more healthcare expenses to employees in 2021, such as adopting higher deductibles or copays, acco...

Average Family Premiums Rose 4% to $21,342 in 2020

Annual family premiums for employer-sponsored health insurance rose 4% to average $21,342 this year, according to a recent KFF survey. Workers are contributing an average of $5,588 toward the cost of...

Consumers Are in the Dark About Deductibles and Copayments

Thirty-two percent of consumers don’t know how much their health insurance deductibles are and 25% don’t know what their co-pays are, according to a survey from the National Association of Insurance C...

Why Enrollment Support Is More Important Than Ever This Year

Thirty-seven percent of workers want more benefits information and guidance than usual during this year’s open enrollment season. They’re most interested in a benefits portal, a decision-making tool, ...