Health Insurance Info

reduced individual rates that are comparable to group ones.

3. Five Ways to Cut your Health Insurance Costs

Nearly one-third of all health-insurance premiums increased to 30 percent or more. At that rate, the average cost of health insurance per employee will exceed ,000. Seventy-three percent of senior executives believe health-care costs will continue to increase 20 percent or more each year for the next three years. The message here is clear: If you haven’t already gotten serious about cutting your company’s health-insurance costs, now is the time. It can be done. The first thing you should do is learn how the system works–or doesn’t work. Most small employers spend fewer than four hours a year thinking about their company health plans. Learn what your options are. Your insurance agent can help you shop for cheaper plans. But don’t stop there. Compare plan benefits, insurance-company records, and service guarantees.