Life Insurance Quotes

Employers using high-deductible insurance plans

11/23/11

U.S. employers are combating rising healthcare costs by expanding their use of high-deductible insurance plans, according to a new survey.

The attempt by employers to contain the cost of healthcare will help reduce monthly insurance premiums and place a more significant share of medical expenses on their employees.

The survey consisted of 2,844 private and public employers, of which 32 percent reported offering high-deductible plans to employees in 2011, which was up from 23 percent in 2010, according to the benefits consulting firm Mercer.

“One feature of the [high-deductible] plans that employers like is the flexibility in funding employees’ spending accounts,” Laura Baker, a principal in Mercer’s Los Angeles office, said to the Los Angeles Times. “A growing number of employers are making their account contributions contingent on the employees’ willingness to take steps to improve their own health.”

Companies allege the high-deductible insurance offers are a way to help the business, as well as employees by limiting monthly insurance expenses.

According to LIMRA, 30 percent of U.S. households had no life insurance protection at all in 2010.

The statistics stress the importance of independently exploring life insurance and annuities in order to prepare for unexpected costs that may arise in the future.

Talk to an Advisor

A licensed insurance advisor can explain your options and help you choose the right life insurance for your needs.

Call: 1-800-823-4852

Chat: Live Advisor Chat

Sm

A few of the carriers we quote