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Health Insurance Costs: Why They’re Set To Rise
By Neha Gupta
From FX News Call on Wednesday, August 17, 2016
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Life is becoming expensive by day for every person. Cost are propelling every minute including the Health insurance costs. A recent study from the National Business Group on Health has revealed that employers are likely to suffer the wrath of the 5% possible increase in insurance premiums in 2017. Nevertheless, it is the equivalence of the employer’s predicted expenses.

Specialty pharmacy costs, high-cost claimants and overall medical inflation are some of the elements that will trigger the rising health insurance premiums. But according to Brian Marcotte, CEO of the National Business Group on Health, the increase is constant with the last several years.

So what is the role of the employer in the HSA? They have a contribution to make of up to $3,350 for individual coverage and $6,750 for family plans. The median employer makes a $600 contribution to an HSA for individual coverage and up to $1,100 for family plans. According to Marcotte, high-deductible plans for workers which are very common among many employers introduce them to a major educational initiative. In fact, the plans are slowly becoming a preferable choice for coverage.