Power Breakfast: Employers promote high-deductible health plans, Delta, housing, rising mortgage rates

As health care costs continue to rise, employers are offering financial incentives to encourage workers to embrace high-deductible insurance plans — a move companies hope will bring significant savings by lowering premiums, AJC writer Misty Williams reports.

At Atlanta Medical Center, 51 percent of workers are now in a high-deductible health savings plan, versus 15 percent in 2010, Williams writes.

The hospital was trying to transition its 1,100 employees who elect benefits into a high-deductible plan, so it boosted its contributions to employee health savings accounts by hundreds of extra dollars per account, Williams reports.

Instead of paying an insurance company for care they may or may not use, employees can sock away tax-free money in a health savings account to pay for future medical expenses, said Troy Bond, the hospital’s chief human resources officer.

While many consumers save money under the plans, however, meeting high deductibles — which often vary from $1,000 to $5,000 — can create sticker shock for some people, especially low-income families, benefits experts say.

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6 comments Add your comment

johnnypune

February 11th, 2011
5:57 am

I have posted this already here before You guys should stop complaining because, one the health care we have now isnt as good as it was supposed to be. also the law has just been signed so give it some time. so if u want to say u have the right to choose tell that to ur congress men or state official. If you do not have insurance and need one You can find full medical coverage at the lowest price check search online for “Wise Health Insurance” If you have health insurance and do not care about cost just be happy about it and believe me you are not going to loose anything!

James

February 11th, 2011
7:01 am

Everyone should listen to johnnypune. He dosen’t have a firm grasp on English but he know how to run the health care system. lol

James

February 11th, 2011
7:02 am

“knows” pot meet kettle

Sam I Am

February 11th, 2011
7:05 am

James, did you really mean “he know” LOL

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Liz

February 11th, 2011
3:23 pm

My husband’s company moved to a no co-pay high deductible plan last year. And all of a sudden we were thinking twice about going to the doctor for things like colds, sore throats, allergies. You start to weigh the benefit of the visit vs the cost. But then we waited too long on what I thought was simple allergies and I ended up in the ER with bronchitis. $$$$! After that, we joined WhiteGlove. Now we get routine healthcare for a very low visit fee, and that includes and prescriptions we might need. Phew! http://whiteglovehealth.wordpress.com/