Approximately 44 percent of surveyed Indiana employers would rather reduce health insurance benefits in order to maintain costs, according to a survey conducted by Nyhart, an independent actuarial and employee benefits consulting firm.
Nyhart surveyed 215 employers across the state, reflecting the benefit plans of more than 170,000 workers in Indiana. The firm's analysis showed that far fewer Indiana employers (18 percent) would pass on the cost of higher premiums to their employees. Other key findings include the following:
• Healthcare benefit costs increased 6.9 percent (single coverage) and 8 percent (family coverage) in 2011.
• In 2011, nearly one in five employers increased their deductible. Employees of those companies saw their deductible rise by 49 percent on average.
• Healthcare benefit costs are higher for Indiana residents than the national average.
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Nyhart surveyed 215 employers across the state, reflecting the benefit plans of more than 170,000 workers in Indiana. The firm's analysis showed that far fewer Indiana employers (18 percent) would pass on the cost of higher premiums to their employees. Other key findings include the following:
• Healthcare benefit costs increased 6.9 percent (single coverage) and 8 percent (family coverage) in 2011.
• In 2011, nearly one in five employers increased their deductible. Employees of those companies saw their deductible rise by 49 percent on average.
• Healthcare benefit costs are higher for Indiana residents than the national average.
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