More employers are trying to assuage worker concerns about how much of their salary goes to their health coverage by pegging the cost of coverage to salary ranges.
This trend was noted by Mercer in a study of how companies were managing their health care plans. Mercer's survey revealed that 12 percent of responding companies were using salary-based health coverage schemes in 2012, up from 10 percent in 2011. Now, signs are that that percentage is about to jump significantly.
Large employers are leading the way; in Mercer's study, 20 percent of firms defined as "large" were segregating employees into premiums based upon a salary range. But more are following, as Obamacare begins to assume a less-fuzzy shape.
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.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
