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New survey results from Mercer reveal that for the first time this year, employees’ average annual deductible for single coverage topped $1,000 — a troubling sign for employers and workers alike who are struggling to pay for health care.
The average single person must now pay $1,001 in out of pocket expenses before coverage kicks in, a 17% increase from last year’s average $859.
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From medical bills to car repairs, small expenses can create major stress for workers. Employers are responding with new emergency support programs.
Employees look for alternative healthcare coverage in the wake of rising premiums, sparking concern over care gaps and group plan disruption.
Helping spread the word about a little-known federal tax credit will help increase retirement readiness and may line pockets with extra cash.
As workers bear the brunt of healthcare costs, clients can take actionable steps to help, including funding employees’ health savings accounts.
As workers bear the brunt of healthcare costs, employers can take actionable steps to help, including funding employees' health savings accounts.