Tuesday, September 20, 2016

New Survey Finds High Deductible Health Plans Gain Popularity with Workers


A new survey from Kaiser Family Foundation (Kaiser) finds that more workers are opting for high deductible health plans (HDHPs) with 29 percent of workers electing such plans in 2016 as compared to 20 percent in 2014. High deductible plans are compatible with Health Savings Accounts (HSAs) or are tied to Health Reimbursement Arrangements (HRAs) and feature lower average health insurance premiums than other plan types.

Kaiser’s survey also found that annual family premiums rose an average three percent this year to $18,142. The modest increase is due in part to the growing popularity of HDHPs, according to Kaiser. In 2016, 29 percent of all workers were in such plans, up from 20 percent in 2014. 

In addition, the survey also revealed that the share of workers enrolled in Preferred Provider Organization (PPO) plans decreased to 48 percent in 2016 as compared to 58 percent in 2014. PPO plans typically have higher than average premiums. 

AHCA/NCAL members are saving money on their employee health benefit programs through AHCA/NCAL Insurance Solutions. One independent owner in Florida recently saved more than $1,000 annually per employee. To explore your health plan options (including HDHP and PPO plans) available through AHCA/NCAL Insurance Solutions, contact Dave Kyllo at 202-898-6312 or Nick Cianci at (202-898-2841) or email us at ahcainsurancesolutions@ahca.org.

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