Fewer than half of workers in group health plans can remember much about how the coverage works.
EHealth Inc., Mountain View, Calif. (NASDAQ: EHTH), tells that sordid tell in a is reporting that finding in a summary of results of a recent survey it commissioned of 1,004 U.S. residents ages 18 and older.
Only 47% of the group coverage were sure they knew how much of their salary they paid for their share of their health insurance premiums, and just 35% were certain they knew what the deductible was.
When the workers are looking at paystubs, 45% look to the deduction for health insurance.
About 18% were confident that they knew how much their employers were paying for employers’ share of the health insurance premiums.
Personal observation: One problem may be the switch Web-based paystub distribution services.
The services very sensibly and cautiously protect the paystubs with a secure but very easily forgotten password. After a certain point, the paystub may be so securely protected by the password that the paystub is protected even from the eyes of the employee who earned the pay.
Employees who are too tired to remember their health insurance deductibles or their paystub system password may not especially active at using the “lost your password?” form.
Hub International Ltd., Chicago, made another move in what is starting to feel like a really big, long game of Risk based on deals involving benefits firms rather than major continents.
Hub acquired The Ross Benefits Group Inc., New York, and says it will make the firm part of its existing New York operation, Hub International Northeast.
Hub is not saying how much it is paying for Ross, but it is saying it will be hiring the Ross employees. The Ross employees will have to move over to the Hub office in Manhattan. They will report to Joseph Torella, the president of the employee benefits division at Hub International Northeast.
Ross was founded in the 1960s and sells products such as dental, group disability, group dental and group life as well as major medical coverage.
TWO BIRDS, ONE PARTY
OhioSimplifi ESO L.L.C., a new Columbus, Ohio, benefits and human resources firm, is celebrating the start of the company Wednesday by holding a fundraiser party for Big Brothers Big Sisters of Central Ohio at a local conservatory. The event will include a benefit raffle.
Core administrative expenses at Medicaid plans amounted to 6.5% of premiums and equivalents in 2010, or $21.56 per member per month, according to Sherlock Company, Gwynedd, Pa.
The median increase in core costs was 2.1%, and just 1.2% after adjusting for product mix differences, the firm says.
CALIFORNIA BLUE SHIELD
Blue Shield of California, San Francisco, is giving $20 million to help a total of 18 California hospitals, health systems, clinics and physician groups participate in accountable care organizations (ACOs).
A couple of years ago, stores were full of giant candy bars. Yesterday, I was looking for any kind of chocolate chips or candy bars I could use to make brownies, and I found no bags of chocolate chips in any of 5 convenience stories I checked. The candy bars were small, and several of the stores had the candy bars locked in glass cases.
On the one hand: It seems as if this is good for weight loss.
On the other hand: It’s a little creepy. And where did the arugula go?