A new survey was released today of 661 HR administrators for businesses throughout the country. The findings were not surprising, yet still disturbing.
90% of the Hr reps believe that their group health insurance premiums will rise due to ObamaCare. https://higginscompanies.com/health-insurance/a-few-thoughts-on-health-insurance/ About the same number plan on passing on the increased medical insurance premiums on to their employees. 75% plan on cutting back on health insurance benefits.
Retirees should be very concerned. Many employers are now considering dropping their health insurance packages for retirees all together.
If Obama doesn’t outlaw HSA’s, 58% of HR folks say they will offer such health insurance coverage. Health Savings Accounts are being attacked by this administration. HSA’s are where the smart money goes when shopping for medical insurance. The administration would rather have enrollees insured with low deductible plans that they offer.
Michael Higgins
602.405.8769
An Arizona health insurance broker.