Many sources continue to support that Health Insurance Costs will continue to increase although some suggest at a “moderate” level. However, experience nationwide continues to suggest health care costs will continue to place a burden on companies as they work to recover from the recent recession.

What can employers do when faced with increasing health plan costs? The common answer is to increase employee participation including higher deductibles and copayments. There is a way to help the employees “shoulder” this additional burden using “Voluntary Benefits” including “Catastrophic” coverage sometimes called “Gap” coverage.

The employee pays the full cost of this inexpensive coverage or the employer can participate in the premium cost. The employer sees a lower renewal cost while the employee continues to be protected.

There are many options for this employee help and one of the easiest to understand is endorsed by our agency.