Employees happy with benefits value, recommit to saving

November 4, 2011 by Christian Schappel

Nobody’s happy when the out-of-pocket costs they pay for their benefits increase (likely a common occurrence this year). But employees don’t seem to be unhappy with what they’re getting in return.

The number of employees who say the coverage they receive in exchange for the out-of-pocket costs they pay (including premiums) is “definitely worth it” or “probably worth it” is on the rise according to a recent Mercer study, which drew on survey data from multiple studies dating back to the spring of 2001.

In 2011, 86% of employees said what they pay out-of-pocket for their health benefits is “probably” or “definitely” worth it for the coverage they get. That’s compared to 83% in 2010, 73% in 2008, 69% in 2007, 78% in 2006 and 72% in 2005.

For some other interesting findings from the study and the complete article Click Here!

IRS Sets 2012 HSA Limits | HR Morning

Hot Off the Press: The Internal Revenue Service just released the 2011 cost-of-living-adjusted HSA limits.

The following takes effect calendar year 2012:

Annual contribution limits

• The annual limitation on deductions for an individual with employee-only coverage under a high deductible health plan (HDHP) is $3,100 — up $50 from 2011.
• The annual limitation on deductions for an individual with family coverage under a HDHP is $6,250 — up $100 from 2011.

Link to Article: Read More About Minimum Deductible & Out-of-Pocket Max