Here’s Adam Bergman’s latest piece from Forbes –
For many working Americans, health care costs are a nagging but necessary expense. In many cases, mounting health care costs are taking away much of the wage gains won by American workers. The average worker is shelling out $5,714 for a family health-insurance plan in 2017, 30 percent of the total $18,764 cost, according to an annual study from the Kaiser Family Foundation and the Health Research & Education Trust. Five years ago, workers shouldered $4,316 of the $15,745 cost, or 27 percent.
The rising costs of health care plans are forcing a number of employees to embrace so called high deductible health plans. A High Deductible Health Plan (HDHP) is a category of health insurance plans available from most health insurance providers. They have lower monthly premiums and a higher yearly deductible than regular health insurance plans. In general, HDHPs have some of the following characteristics:
- Can cost less than other health plans.
- Provides quality health insurance.
- One calendar-year deductible per family.
- Can pay 100% of covered expenses after deductible is met
To read the full article at Forbes.com, please click here!