Single Payer And Voluntary's Role
On the top of the list of major shifts: the possibility, howeverremote, of a move to a single-payer health caresystem in the U.S. Even if such a drastic changeoccurred, there would still be a role for voluntary benefit products, asany such system would likely be similar to those in Canada andJapan, in which copays and deductibles are still required.
“Even if the U.S. adopts a single-payer system, the needfor voluntary benefits would become even more robust, becausepeople will still have out-of-pocket costs and supplemental planscan help cover those costs,” says Ben Bohonowicz, director ofclient services at Employee Benefit Services of Maryland Inc. inBaltimore. “People think if we adopt a single-payer system, brokerswill go away, but that won't be the case.”
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
