Employers cover 85 percent of health premiums

via NCBR

DENVER – Employers cover 85 percent of the average premium for their employee coverage, according to a new survey by the Denver-based Mountain States Employers Council.

The survey of 697 employers in Colorado and Wyoming found companies continuing to shoulder the lion’s share of providing health-care coverage to their workers despite rising premium costs.

“Health-care costs continue to be a major area of concern for employers,” said Michael Severns, MSEC president and CEO. “However, employers continue to pay for the majority of health-care premiums on behalf of their employees.”

The survey showed health-care costs rising 10 percent over 2008 levels but average health insurance premiums going up only 5 percent, according to the MSEC 2009 Health and Welfare Plans Survey.

The survey also showed more employers offering or considering offering consumer-driven plans such as Health Savings Accounts. The number of Colorado and Wyoming employers offering HSAs as an option increased from 7 percent to 21 percent over the last four years, the survey noted.

COMMENT: Sage Benefit Advisors specializes in group health insurance.  For a free  review, call 970-484-1250 or e-mail tim@sageba.com.

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