In 2008, PriceWaterhouseCoopers' research team surveyed senior executives at more than 100 large US-based multinational companies and more than 250 privately held small companies. The large companies each have an average of 8,000 employees and revenue of about $3 billion. The small employers each have a workforce of about 200 and less than $50 million in revenue. In addition, PwC surveyed more than 500 human resources executives separately on benefit plan design issues. This white paper discusses the results of this survey.
In the United States, employers have had an 80-year relationship with health insurers, and it’s been a long learning curve for both. In 2008, the relationship is entering one of its most challenging eras. Health benefit costs are outstripping wage growth, and some policy leaders are questioning the wisdom of the employer-based model itself. About 160 million workers and their dependents, or two-thirds of the non-elderly population, depend on their employers for health benefits.1 Studies show that most of them are satisfied with their coverage and that many employers want to continue providing health benefits. However, employers’ expectations of their health insurers are changing. While many studies examine the relationship between employees and their employer-sponsored benefits, less is known about employers and what they want from insurance carriers.
PricewaterhouseCoopers’ Health Research Institute analyzed the needs, wants, and satisfaction levels of employers regarding health insurance and benefits so as to identify and understand emerging themes from an employer’s perspective. What Employers Want from Health Insurers—now provides an inside look at how employers view employee benefit service offerings, emerging trends, and strategic priorities. The report also makes recommendations regarding how insurers can better deliver services to their clients.
An excise tax may have the biggest impact on employers of all provisions of the ACA, as any health plan with a premium totaling over $10,200 per individual or $27,5000 for a family will be susceptible to a 40 percent tax.
Most benefits professionals agree that the health insurance exchanges have the potential to create real change in the health care industry.
High-deductible health plans, sometimes called consumer-directed health plans (CDHPs) are becoming more popular among employers who offer health insurance to its employees.
ConnectYourCare News: On May 15, Sen. Ben Cardin, (D) Md., and Sen. Mike Enzi, (R) Wyo., introduced Senate bill S.966, titled the Medical FSA Improvement Act. If passed, the legislation would eliminate the use-it-or-lose-it rule that currently applies to all flexible spending accounts (FSAs).
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