Why are employers and employees paying so much for their health insurance? The national average employers spend per employee for medical insurance is $11,498, and the national average each employee spends is $3,631. Dattilo Consulting, Inc. average employers spend $6,113 per employee for medical insurance...
The employee should carefully consider whether, as an elderly employee, he or she should leave the company’s health plan and enroll in Medicare or stay on the employer’s plan. Both the employee and employer will want to seek wise counsel as there are advantages and...
Kaiser Family Foundation found that the health insurance premium for an employer-provided medical plan for a family soared to $22,389 in 2021. This is an increase of 27% since 2014, when the Affordable Care Act’s provisions took effect.[1] It’s not enough to say “Well, that’s...
By Grant Dattilo On January 10, 2022, the Federal Health and Human Services Department released the following notice about at-home COVID-19 test kits: "Beginning January 15, 2022, an individual with private health insurance coverage or covered by a group health plan who purchase an over-the-counter COVID-19 diagnostic...
Experiencing a loss of revenue and a reduction in workforce as the pandemic rolled on, small employers searched for and found several options that might result in a stronger, more productive and profitable business down the road. One critical response is that employers are placing...
What, if anything, can employers do to mitigate expected increases in 2022 employee health insurance premiums? Mercer predicts an average 4.7% increase, while Willis Towers Watson says to look for 5% increases.[i] Some employers, however, are seeing far greater increases....