Search
 
News

Rising Employer Premiums Drive More Cuts to Health Benefits

Companies respond by continuing to pass costs onto workers and reducing their prescription drug coverage.

By Katie Kuehner-Hebert, BenefitsPro | Updated on November 01, 2017

Employer premiums on health care plans increased more this year than they have in the past five years—but companies are responding by continuing to pass the costs onto workers and also reducing their prescription drug coverage, according to the 2017 United Benefit Advisors Health Plan Survey.

Premium renewal rates for employer-sponsored health insurance rose an average of 6.6% —a significant increase from the five-year average increase of 5.6%, according to responses from 20,099 health plans and 11,221 employers.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.