Employers’ contributions to plan premiums nearly the same year to year
According to United Benefit Advisors, an employee benefit consulting company that tracks more than 20,000 employer health plans, Connecticut had the highest employer plan premium increase of any state last year.
When the Affordable Care Act open enrollment period for health insurance begins on Wednesday, many individuals who buy their own policies will suffer sticker shock because of a sharp increase in premiums.
But, self-funding health insurance is becoming more popular as a way to cut costs, United Benefit Advisors finds.
As Connecticut employers ready to crack open their health plans next week for open enrollment, a new study shows they paid a record increase in premiums to secure insurance for their workers.