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Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocketcosts that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. They have to pay a deductible. HRAs are owned by the employer. Funds do not expire.
In 2017, the total annual premium was $18,764, with employers paying $13,049 and workers contributing $5,714. In addition to rising health care costs, employers are dealing with inflation, higher property and casualty insurance premiums and increased labor costs. Employers paid $16,357, and workers contributed $6,106.
Consumers should watch for these three new Obamacare changes coming in 2017. Along with health plan costs, consumers often look at which doctors and hospitals are available in their networks. Out-of-pocketcosts to be regulated. Increased access to information about the sizes of insurers’ networks.
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