Friday, November 7, 2014

The Story Behind Minimal Changes in Plan Designs and Premium Rates

By Carol Taylor

The United Benefit Advisors (UBA) annual Health Plan Survey for 2014, which contains validated data on 16,467 plans for 9,950 employers, shows minor average change for plans in the last year. The survey contains information on plans that renewed predominantly between June 2013 and June 2014.
While the average in-network deductible rose a mere $49 to $1,901, the larger plan changes are only seen in the median results:
  • In-network out-of-pocket maximums jumped $500 for single coverage and $1,000 for family coverage.
  • The out-of-network out-of-pocket maximums rose by $1,000 for both single and family coverage.
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