A benefits administration tech company says the large employers that use its benefits enrollment system have reduced group coverage deductibles this year.
At large employers, deductibles for high-deductible health plan (HDHP) coverage have fallen an average of 2%, to $2,166 for single coverage and $4,331 for family coverage.
Deductibles for preferred provider organization (PPO) plan coverage have dropped 7% for single coverage, to $1,012, and 9% for family coverage, to $4,562.
Benefitfocus Inc. has published data on group plan deductibles, premiums and other benefit plan characteristics in a new report on trends at 544 its large employer clients. Each of the companies has at least 1,000 employees in the United States. Together, the employers provide benefits for about 1.3 million people.
Retailers Are Different
Benefitfocus breaks out deductible data by industry as well as by coverage type.
For HDHP plans, average deductibles stayed about the same in every industry.
The industry differences in deductible trends for PPO plan coverage were dramatic.
The average PPO plan deductible stayed about the same for health care sector workers.