Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Hewitt: HMO Rates Continue To Climb

X
Your article was successfully shared with the contacts you provided.

Employers are seeing health maintenance organizations asking to increase 2009 premiums 12%.

Researchers at Hewitt Associates L.L.C., Lincolnshire, Ill., have based that estimate on data for 160 large employers with about 1 million participants.

A year ago, HMOs were asking for an average premium rate increase of 12%.

Employers held the actual average 2008 increase to 9.4% through plan changes, negotiations and terminations, the Hewitt researchers report.

One way employers are holding down their costs is to make employees pay more to insure dependents, and by running audits to see whether some insureds covered as dependents really qualify for dependent coverage, the researchers report.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.