Health insurance trends
Matt Paul | 07.26.13
As health insurance premiums rise, employers are looking for ways to contain costs and Conrad Siegel Actuaries annual survey finds higher deductibles are a common response.
“Deductibles of over $1,000, which I think that’s how most people would intuitively think of high deductible, went from 6% in 2006 to over 36% by 2012.”
Conrad Siegel’s Rob Glus expects an even greater shift toward so-called consumer-driven health plans moving forward.
“Consumer driven designs, very simply, are higher deductible plans. Plans that put more responsibility on the employees to make decisions and generally use some sort of account based system to have the employees take some sort of responsibility for – do I want to save money, do I have an incentive to be healthier.”
Nationally, 26% of employers offer consumer-driven plans, compared to 11% in Central PA.
“We tend to lag behind a little bit what’s actually happening in some other markets, but we all know it’s inevitable over time, we always catch up.”