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Most Employers Say They Will Offer Health Coverage Next Year

05/24/13

  04:59:06 pm, by MedBen5   , 215 words,  
Categories: News, Health Plan Management

Most Employers Say They Will Offer Health Coverage Next Year

Pouring more fuel onto the “will they/won’t they” debate that has raged since the passage of the Affordable Care Act in 2010, the latest survey to gauge employer reaction to health care reform found that most companies say they will continue to provide benefits coverage in 2014.

According to Employee Benefits Counsel, 94% of the responding benefits and human resource professionals and other company officials claimed that they “definitely” or “very likely” will continue providing health insurance coverage when many of ACA’s provisions take effect next year, up from 86% who responded similarly in 2012.

The survey, conducted by The International Foundation of Employee Benefit Plans, also found that:

  • About 40% of responding employers plan to increase their focus on wellness and other initiatives to counter the rising costs associated with ACA.
  • A quarter of responding employers are increasing their emphasis on high-deductible health plans (HDHPs) with a health savings account (HSA) to cut costs.
  • Most employers offer health plans that pass the minimum value (81%) and affordability tests (74.1%), as required under ACA to avoid the pay-or-play penalty.
  • Nearly 17% of responding employers claimed that they are redesigning their primary health plan to avoid the high-cost premium plan excise tax that will take effect in 2018.

The survey also inquired about the grandfathered status of plans – read more about that below.

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