What’s In Store: Open Enrollment 2011-2012
Folks, open enrollment season has rolled around once more! The exact dates vary, but enrollment typically begins around mid-to-late October and ends early in November. Here’s a rundown of the changes this enrollment season:
Health care costs have been risins across the board, both for providers as well as consumers. As a result, employers are likely to increase health insurance premiums by almost 12 percent according to consultancy Towers Watson, as well as switch from co-pays to coinsurance for doctor’s visits. Employers also plan to offer more high-deductible plans, which have lower premiums and up-front costs but can cost much more down the line.
Opening an HSA could be a great way to save should out-of-pocket expenses shoot up, and some companies contribute to employee HSAs each month. Many employers also offer wellness incentives, which could add up over the year. On the whole providers and employers are pushing wellness and preventive care to encourage healthy practices.
Be sure to get insured this enrollment season!
Posted on Monday, October 17th, 2011 at 12:59 pm. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below. Your comments will appear immediately, but the author reserves the right to delete innapropriate comments.