Although the cost of claims for employer-sponsored health plans are slightly lower than six months ago, a new study finds these costs are rising at double-digit rates.
Wells Fargo Insurance Services recently surveyed 60 insurance companies between February and March.
Reflecting claim activity over a six-month period, projected increases in the national average cost of claims include:
- Health maintenance organizations (HMO) and point-of-sale plans (POS) – 9.6 percent increase
- Preferred provider organizations (PPO) and consumer driven health plans (CDHP) – 10 percent increase
- Exclusive provider organizations (EPO) – 10.6 percent increase
- Indemnity plans – 11.1 percent increase
- Prescription plans – 8.7 increase

Dan Gowen, senior vice president of Wells Fargo Insurance Services, said the continued cost increase suggests employer premiums will rise at a similar rate, as insurance companies anticipate costs based on claim trends.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
