13 percent of Midsize Employers offer High-Deductible Health Policies

High-deductible health policies are yet a rarity among interviewers, the report found. A mere 13% of midsize employers offer high-deductible health policies.

The health insurance industry has been changing because of the Affordable Care Act and other regulatory pressures from the Centers for Medicare and Medicaid Services (CMS). Rising healthcare prices along with the reforms taking place among payers have led to employers renovating their approach to selecting benefits and health policies. Various employers may require considering whether high-deductible health policies are the right choice for their workers.

Benefitfocus released a report called the State of Employee Benefits 2016, which describes how employers are bringing greater financial responsibility for health plans back onto the employees. Therefore, it is up to the consumers or employees to work directly with health payers in order to limit their out-of-pocket spending and utilize healthcare services in a cost-effective manner.

High-deductible health plans are yet a rarity among employers, the report discovered. A mere 13% of midsize employers provide high-deductible health plans. PPOs and HMOs still tend to be the most famous option among health plan offerings across businesses. Employers would be wise to think about other insurance options in case to decrease rising healthcare spending and the overuse of medical services within typical fee-for-service insurance policies.