According to a recent survey of large businesses conducted by the National Business Group on Health, many big employers expect health insurance rates to rise 7.2 percent in the coming year.
As a result, many companies will begin to employ more cost-sharing strategies that put some of the burden on the financial increases on individuals. Of those businesses surveyed, 23 percent plan to increase out-of-network deductibles for staff that see physicians outside of a certain service group or area, the source reports.
Additionally, many companies reported that they would raise out-of-pocket maximums for their employees and adopt health insurance policies that carry high up-front deductibles for medical care, the source explains.
For many consumers already struggling to keep up with healthcare costs, this may not good news. However, there are steps that can be taken to make care more affordable, and agents may want to make consumers aware of them.
For example, individuals could encourage their employers to comparison shop medical insurance quotes to ensure they are getting the best value. Furthermore, families should take full advantage of preventative care and wellness benefits to improve health an avoid health complications, according to Kiplinger.