ComplianceMnthlyRecap MH 5.16.22

Small Businesses No Longer Going for the Gold in Medical Insurance

Posted by: Carol Taylor    Dec 17, 2015 11:00:00 AM

MedalsSmall employers are feeling the squeeze from increasing costs of medical care and increasing premiums for the medical insurance they offer their employees. Recently released findings from the 2015 UBA Health Plan Survey show that 54 percent of small employers are currently offering gold or platinum plans to their employees. However, with the pressure from rising medical care costs, the introduction of community rating in setting insurance rates, and the end of grandmothering, it is highly unlikely that this trend will continue.

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Topics: health care costs, ACA, health care reform, Carol Taylor, community rating, UBA Health Plan Survey, Affordable Care Act, metal level benefits