High-Deductible Plans Losing Luster Amid Low Unemployment

The competition for employees is leading more businesses to offer more generous health insurance plans in addition to high-deductible plans.

As health insurance premiums rose in recent years, more and more companies were offering their employees more high-deductible insurance options to help keep down the cost of premiums.  Now, however, with some workers clamoring for more conventional plans and businesses finding themselves in competition for workers at a time of low unemployment, more businesses are offering those conventional plans to their workers.

2020, in fact, will mark the third consecutive year during which the percentage of companies offering only high-deductible health insurance plans will fall.

Serving patients with high-deductible health insurance can pose a special challenge for private safety-net hospitals.  Often, patients in the low-income communities these hospitals serve cannot afford to pay their deductibles, leaving such hospitals to absorb the cost of this uncompensated care.

Learn more about how businesses are adjusting their health insurance offerings in response to employee demand and competitive concerns in the Kaiser Health News article “Employers are Scaling Back Their Dependence on High-Deductible Health Plans.”

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