63% of workers see a growing need for voluntary benefits options When asked why, workers say: Rising medical costs: 76 % Rising medical coverage costs:

Slides:

Advertisements

Similar presentations

Chart 1 Cost Shifts to Workers: Increased Premiums and Cost-Sharing * Premiums increased more than a little. Increased cost-sharing includes cuts in benefits.

Advertisements

ESB This is only a brief summary that reflects our current understanding of select provisions of the law, often in the absence of regulations.

Presentation to:. Agenda Background Review the Contribution Strategy Consider a Consumer-Driven Health Plan (CDHP) Introduce an Employee Education Program.

© 2009 Corporate Executive Board, All Rights Reserved. Health Plan Dictionary How to Understand Your Plan and Make Cost- Effective Choices.

“Some Employers Are Offering Free Drugs” By: Milt Freudenheim New York Times, Feb. 21 st, 2007 Presented by: Arjun Sondhi.

1.03 Healthcare Finances Understand healthcare agencies, finances, and trends Healthcare Finances Government Finances Private Finances 2.

Health Care You Can Count On AFSCME’s Campaign for Guaranteed, Quality, Affordable Health Care for All.

Healthcare Finances HS II Unit 1.03.

WELLNESS PROGRAMS 4 surprising ways wellness participants thrive at work 2014 Aflac WorkForces Report Z /14 Aflac herein means American Family Life.

Murray School District Employee Benefits Furnished through EMI Health.

Health Care Reform Quynh Smith. Sources of Inefficiency in the Health Care Delivery System   We spend a substantial amount on high cost, low-value treatments.

What You Need To Know About Health Care Reform. Health Care Reform Key Facts March 23, President Obama signed the Affordable Care Act. A central.

LESSON 11.3: HEALTH INSURANCE Module 11: Health Policy Obj. 11.3: Calculate the cost of health care based on health insurance plan.

CHCWG DRAFT March 2, 2006 Hearing from the American People: Preliminary Overview of Sources and Reports March 2006 Caution: Preliminary Data Do not cite.

Limited Medical Plans: Unlimited Possibilities William Kramer Reliance Standard Life Insurance Company March 22, 2007.

Excess cost growth in Medicare, Medicaid, and all other health care spending Source: CBO, A Federal Perspective on Health Care Policy and Costs, 2008.

Workers don’t take the time to understand their benefit choices Aflac surveyed American workers and found: 90 % choose the same benefts year after year.**

Plan Year  What’s New for 2011  Open Enrollment Timeline  Who do I contact  Questions.

1 Chase Smith Health Insurance. 2 Health Insurance Facts 85 of 100 Americans are currently covered by a government based health insurance or private health.

Many workers are facing financial crisis 42 % say they are not at all or not very prepared to pay for out-of-pocket expenses associated with a serious.

THE GROWING IMPORTANCE OF VOLUNTARY INSURANCE Findings from the 2014 Aflac WorkForces Report Z /14.

1. Subsidized Cost Florida KidCare Most families pay only $15 or $20 for coverage, depending on family size and income. 2.

Benefit Renewals & Recommendations Tahlya Visintainer, Administrator for Human Resources.

EMPLOYEE BENEFITS EBCC – EMPLOYEE BENEFITS COMMUNICATION COMMITTEE FEBRUARY 16, 2012.

By: Zachary Nunn. Aflac History John, Paul and William Amos Founded in 1955 in Columbus, Georgia Originally named American Family Life Insurance Company.

Chapter 2 Health Care Systems. Largest and fastest growing industry in the US Over 13 million workers Expenditures-4 billion dollar per day business and.

Attracting and Retaining Excellent Employees: Benefits Turn the Key

1.03 Healthcare Finances. Health Insurance Plans Premium-The periodic amount paid to an insurance company for healthcare or prescription drugs Deductible-Amount.

Maximizing AIC Choices Trustmark Programs- Variety deductibles $0 - $10,000, out of network 100% to 50%, office visit features $20, $30 $40 or no copay,

Changing the landscape of employment for people with disabilities and other barriers.

1.03 Healthcare Finances Understand healthcare agencies, finances, and trends Healthcare Finances Government Finances Private Finances 2.

Reasons to Work with Association Insurance Cooperative  Ease. We’ve done the work for you already! We work with top-rated carriers to find solutions for.

Health Insurance Options in the United States [name] October 5, 2008.

Employers Push Costs for Health on Workers By REED ABELSONREED ABELSON New York Times September 2, 2010.

1 AFLAC | WORKFORCES REPORT The Role of Voluntary Insurance in the New Health Care Landscape Tye Elliott, VP Aflac Core Broker Sales.

Basic Needs What are the most basic needs that we have as human beings? Food Shelter Health care?

Aflac WorkForces Report Confidential and Proprietary. For Internal Use Only. Do Not Distribute. These materials contain proprietary information.

What You Need To Know About Health Care Reform

Questions to think about.

Homeowners Insurance.

Aflac WorkForces Report

© 2017 Jax Anderson (The Psyko Therapist)

THE ECONOMICS OF EMPLOYEE BENEFITS

Trends in the Overall Health Care Market

Trending Data AWR

March 2006 Caution: Preliminary Data Do not cite or distribute

Exhibit 7.19 Among Covered Workers With a Separate Per Person General Annual Health Plan Deductible for Family Coverage and a Per Person Limit, Distribution.

Exhibit 7.24 Among Covered Workers with a Separate Per Person General Annual Health Plan Deductible for Family Coverage and a Per Person Limit, Distribution.

Exhibit 8.11 Distribution of Covered Workers with the Following Aggregate Family Deductible Amounts, HDHP/HRAs and HSA-Qualified HDHPs, 2016 NOTE: The.

Specialization, Voluntary Exchange and Division of Labor

COL (ret) GARLAND Williams, Phd

Exhibit Among Firms Offering Health Benefits with 50 or More Employees, Percentage of Covered Workers Enrolled at a Firm That Offers Benefits Through.

Current Medicare Benefits*

Adults ages 19–64 with either marketplace or employer coverage

Exhibit 1.7 Distribution of Annual Premiums for Single and Family Coverage Relative to the Average Annual Single or Family Premium, 2016 Percentages.

Wednesday, April 5, 2017 Objective: Students will be able to evaluate the costs and benefits of buying insurance. Purpose: You will need insurance to protect.

Homeowners Insurance.

Exhibit 7.21 Among Covered Workers with a Separate Per Person General Annual Health Plan Deductible for Family Coverage, Distribution of Deductibles, by.

Estimated Premiums for New Public Plan Compared with Average Current Premiums, Individual/Small Employer Private Market, 2010 Average annual premium.

Exhibit 8.11 Distribution of Covered Workers with the Following Aggregate Family Deductible Amounts, HDHP/HRAs and HSA-Qualified HDHPs, 2015 NOTE: The.

Exhibit 6.20 Distribution of the Percentage of Total Premium Paid by Covered Workers for Single and Family Coverage, by Firm Wage Level, 2016 SINGLE COVERAGE.

Exhibit 7.23 Among Covered Workers with a Separate Per Person General Annual Health Plan Deductible for Family Coverage, Structure of Deductible Limits,

Exhibit 7.16 Among Covered Workers With a Separate per Person General Annual Health Plan Deductible for Family Coverage, Distribution of Maximum Number.

Exhibit 6.18 Distribution of the Percentage of Total Premium Paid by Covered Workers for Single and Family Coverage, by Wage Level, 2013 SINGLE COVERAGE.

Exhibit 7.19 Among Covered Workers With a Separate per Person General Annual Health Plan Deductible for Family Coverage, Distribution of Maximum Number.

Exhibit 7.18 Among Covered Workers With a Separate Per Person General Annual Health Plan Deductible for Family Coverage, Structure of Deductible Limits,

Exhibit 7.18 Among Covered Workers With a Separate per-Person General Annual Health Plan Deductible for Family Coverage, Structure of Deductible Limits,

Exhibit 7.37 Among Covered Workers with a Separate per Person Out-of-Pocket Maximum for Family Coverage, Distribution of Number of Family Members Required.

Exhibit 6.19 Distribution of the Percentage of Total Premium Paid by Covered Workers for Single and Family Coverage, by Wage Level, 2014 SINGLE COVERAGE.

Presentation transcript:

63% of workers see a growing need for voluntary benefits options When asked why, workers say: Rising medical costs: 76 % Rising medical coverage costs: 66 % Increasing deductible and copays: 61 % Because employer reduced benefts and/or coverage: 37 % Source: 2014 Aflac WorkForces Report This article is for informational purposes only and is not intended to be a solicitation. Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York. WWHQ | 1932 Wynnton Road | Columbus, GA Z /14

63% of workers see a growing need for voluntary benefits options When asked why, workers say: Rising medical costs: 76 % Rising medical coverage costs: 66 % Increasing deductible and copays: 61 % Because employer reduced benefts and/or coverage: 37 % Source: 2014 Aflac WorkForces Report This article is for informational purposes only and is not intended to be a solicitation. Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York. WWHQ | 1932 Wynnton Road | Columbus, GA Z /14

Anticipating higher costs 86 % at least somewhat agree the medical costs they’re responsible for will increase. Source: 2014 Aflac WorkForces Report This article is for informational purposes only and is not intended to be a solicitation. Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York. WWHQ | 1932 Wynnton Road | Columbus, GA Z /14

86 % at least somewhat agree the medical costs they’re responsible for will increase. This article is for informational purposes only and is not intended to be a solicitation. Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York. WWHQ | 1932 Wynnton Road | Columbus, GA Anticipating higher costs Source: 2014 Aflac WorkForces Report Z /14