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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. The CAA created a number of new requirements that affect health insurance and coverage. That comes to an end Dec. 1, 2022.

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How to contain employee benefits costs (and why most businesses struggle)

Insperity

per hour, per employee, for health-insurance costs, according to Sept. 2020 data from the U.S. In 2021, employer expenses for health insurance are expected to rise by 3.9 percent, according to Mercer’s National Survey of Employer-Sponsored Health Plans. Bureau of Labor Statistics (BLS).

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Report Details 3 Trends Driving Employers’ Health Care Costs

InterWest Insurance Services

Pharmacy spending, high-cost claimants and newly developed anti-obesity drugs are expected to shape health benefits and affect the cost of care and health insurance for employers, according to a new report. Pharmacy spending Between 2020 and 2023, the average per member per month pharmacy spend increased 38% from $86 to $119.

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Employers Curtail Health Cost-Shifting to Workers

InterWest Insurance Services

One of the health insurance trends that went largely unnoticed in 2021 was that employers halted cost-shifting to their employees by reducing or holding steady workers’ deductibles and other cost-sharing. Among small employers, the median individual deductible in HDHPs stayed steady at $2,800. The other shoe.

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Executive benefit reimbursement plans

Higginbotham

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Integrated health reimbursement arrangements are designed to work with the group health plan. Amounts paid for health insurance premiums. Manage enrollment.