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Vast Majority of Employers Likely to Keep Coverage in 2014

Monday, January 14, 2013
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According to the International Foundation of Employee Benefit Plans’ 2012 Post-Election Survey, 84 percent of U.S. employers are very likely to or definitely will continue providing employer-sponsored health insurance for all full-time employees in 2014, when the ACA-mandated exchanges open.
This number is higher than when individuals were asked the same question in June, possibly because many employers held off on making their decisions until after the presidential election.
Cited reasons for continuing to provide coverage include:

  • Employee satisfaction and loyalty
  • Retention
  • Collective bargaining agreement

 

In addition to focusing on compliance, many organizations are delving deeper into making wellness a part of  their culture, and offering value-based health care and consumer-driven health plans.A small number of employers plan to reduce staff or hiring efforts to avoid or limit ACA costs, but 4 percent of employers actually plan to hire more employees to help ensure ACA compliance.
Please contact your The Horton Group, Inc. representative for more information.

Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your legal representative or medical professional for information specific to your legal or medical needs.

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