Employee health insurance cost rising again

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Posted: Oct 7, 2011 | by admin | 0 Comment

Good health is the gift that keeps on giving. Not only do you feel better, you probably paid less for health insurance than some of your co-workers. In recent years, many large employers have passed on the rising cost of health insurance in the form of higher deductibles and co-payments — costs borne primarily by those who use health care.

This year, though, the pain will be shared, according to an analysis by Towers Watson, a human resources consultant. Employers will pass on cost increases primarily through higher employee premium contributions. Towers Watson projects that 66% of companies will increase employees’ share of premiums for single-only coverage in 2012, and 73% will increase the share of premiums for dependent coverage.

Read the entire article at USA Today.

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