Human Resources News & Insights

88% of firms will keep offering healthcare coverage

Another day, another study on what companies plan to do when the bulk of healthcare reform changes take effect in 2014. 

Most companies (88%) said they plan on continuing to offer healthcare benefits to active staff in the near future.

Most surprising: The number of firms keeping coverage has jumped 17% from last year.

That’s according to a new survey of 440 mid- to large-size companies conducted by global professional services company Towers Watson.

With more firms deciding to keep coverage, it appears many employers have turned their attention toward controlling total costs, which will rise another 5.3% in 2013. (The total cost per employee next year: $11,507.)

Firms reported they’ll try to control costs by:

  • changing plan options (63%)
  • increasing employees’ share of premiums by 1%-5% (42%)
  • significantly reducing subsidization of coverage for spouses and dependents (38%)
  • using spousal waivers or surcharges (29%), and
  • increasing employees’ share of premiums by 5% or more (13%).
Print Friendly

Subscribe Today

Get the latest and greatest Human Resources news and insights delivered to your inbox.

Speak Your Mind

*