As 2012 creeps up, changes in the health insurance world are bound to occur. Our experts have gathered together information and indicators foreshadowing expected changes for the upcoming year. For those people who depend on their employers for health care coverage are susceptible for some anticipated changes for 2012.
- Brace yourself for spouse penalties For employers, health coverage for spouses means an additional estimated $5,000 annual expense. As a method for cutting down, companies are starting to cut out spouse coverage for those they deem “ineligible,” which is in accordance to their customized eligibility specifications which may vary from employer to employer.
- Expect to pay more per dependent In a recent poll, 68% of companies claimed that as another method of offsetting higher costs, employee contributions for each dependent covered will be raised.
- Start getting in better shape A higher percentage of companies are contemplating cracking down on employees to encourage healthier lifestyles to reduce the odds of sickness. Federal health insurance 2012 - This will work just about the same and you can compare quotes with insurers like Anthem BCBS or Aetna with the quote engine above. Keep in mind that incentives are offered with federal health plans and 2012 will be no different.
- Retiree health plans at risk of getting dropped Julie Stone, senior consultant with Towers Watson, claims this to be “one of the most critical findings” within the survey. The very report clearly exposed the fact that over 25% of companies which were polled are planning to completely terminate retiree 2013 healthcare plans for varying employees, especially the newly hired. Stone says, “This process has already begun.” The good news is that, under reform, those of pre-Medicare age who retire will have the ability to purchase coverage via health exchanges in 2014. Companies may offer current status employees money in order to buy retiree coverage via the exchanges as opposed to employers offering it themselves.
The Future bears Witness on Health Insurance Plans for 2012
Employer confidence in the matters of offering health coverage ten years from now has dramatically fallen. Towers Watson survey of employers (2007) displayed the data straightforwardly indicating the 73% confidence rate of companies claiming to expect to offer health insurance in a decade. As of 2010, the numbers drastically dropped to 38%.
The health policy experts and economists who have looked at this legislation have said we are pursuing every possible mechanism to reduce health care costs. The Congressional Budget Office found that health insurance reform will reduce the deficit by $210 billion in this decade and by more than $1 trillion over the following 10 years. And a family of four would save as much as $2,300 on their premiums in 2014 compared to what they would have paid without reform – Original at Whitehouse.gov.
588 employers were surveyed between November 2010 and January 2011, boasting a total of 9,200,000 full-time workers. “It is a reflection of uncertainty,” Stone says, “about how health reform will play out.” The numbers are not expected to rise, and only the future bears witness to how companies will formulate their employee health insurance coverage policies in the years to come.