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October 25, 2011 at 09:43 AM
The trend toward high-deductible health plans continues during this season’s open enrollment period, with several large employers abandoning their traditional PPO and HMO offerings to jump on the HDHP bandwagon.
GE is one of them. Last year, the company transitioned their 85,000 salaried employees to HDHP programs. This year, it will transition another 40,000 union and hourly employees.
The company offers employees three plan choices, with deductibles ranging from $800 to $4,000, depending on the plan and the number of family members insured.
