Costs Rise, Benefits Reduce
Companies of all sizes continued to pare benefits this year, the survey shows. Among firms that provide health insurance, 21% reduced the scope of benefits or increased worker cost-sharing due to the downturn, and 15% raised the worker’s share of the premium.
Next year will put even more financial pressure on workers, the survey suggests. It shows that 42% of employers are very likely or somewhat likely to increase the amount workers pay for insurance next year, and that 36% are very or somewhat likely to raise worker deductibles. Similar percentages of employers also expressed a likelihood of raising co-pays for office visits and prescription drugs.
The most popular health plan remains the preferred provider organization (PPO), with 60% of workers enrolled. The survey reported that 8% of workers had high-deductible plans with savings options, unchanged from the year before. These health plans have not gained much traction among workers, the survey sponsors say.