FinFit Offers a Solution to High Deductible Health Care Plans

November 20, 2014

health, benefits

FinFit Staff

FinFitLogoAre you interested in or currently offering a high deductible health care plan? If so, FinFit can solve challenges related to high deductibles affecting your employees.

FinFit now provides employers a resource that can offer assistance when it’s needed most, eliminating some of the distress that comes with unexpected challenges and creating a more stable workforce. FinFit’s Health Finance Program delivers a safety net for your employees at an extremely affordable rate.

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Aon Hewitt Shows Upward Trend in U.S. Health Care Cost Increases

November 20, 2014

health

FinFit Staff

Aon Corporation (http://www.aon.com) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 37,000 employees working in Aon's 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.LINCOLNSHIRE, Ill., Nov. 13, 2014 /PRNewswire/ -- In 2014, U.S. companies and their employees saw a slight uptick in the rate of U.S. health care cost increases, according to an analysis by Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON).

After plan design changes and vendor negotiations, the average health care premium rate increase for mid-size and large companies in 2014 was 4.4 percent, up from 3.3 percent in 2013. In 2015, Aon Hewitt projects average health care premium increases will be 5.5 percent after plan design changes and vendor negotiations.

Aon Hewitt's analysis showed the average health care cost per employee in 2014 was$10,717, up from $10,266 in 2013. The portion of the total health care premium that employees were asked to contribute toward this premium cost was $2,487 in 2014, compared to $2,355in 2013. Meanwhile, average employee out-of-pocket costs, such as copayments, coinsurance and deductibles, increased from$2,005 in 2013 to $2,295 in 2014.

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