Employers are struggling to understand how the Affordable Care Act will impact their businesses. But one thing is becoming clear: They’ll have to pay more, and that means some things may have to go.
Health care benefit costs could increase between 4 and 5 percent next year, The Washington Post reported citing results of employer surveys by Towers Watson, the National Business Group on Health and PriceWaterhouseCoopers.
Among the big worries for companies is the possibility they will have to pay an excise tax on high-cost plans. Towers Watson found 81 percent of firms it surveyed are exploring ways to reduce their plan costs to avoid the 40 percent surcharge on annual benefits that exceed $10,200 for individuals or $27,500 for families.
Read the full article here.
Contact Steven G. Cosby, MHSA with questions or to request more information and to schedule a healthcare plan evaluation, savings analysis or group plan solution for your company.