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October 17, 2011 at 10:54 AM
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.
HUBBUB
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.
