More Companies Cut Spousal Health Coverage to Cut Costs

More employers are opting out of health insurance coverage for spouses to help cut costs. The move saves on premiums, as well as per-person fees part of the Affordable Care Act.

Currently, companies pay $1 or $2 “per life” covered under a health plan. That number is expected to jump to $65 in 2014, according to a report in The Wall Street Journal’s MarketWatch.

New mandates require coverage of employees’ dependent children, up to age 26, but wives and husbands are optional.

According to the report, couples generally prefer to be on the same plan, but companies often find that spouses are more expensive to insure: “That’s because, say benefits experts, covered spouses tend to be women, who as a group not only spend more on health care, but also have more free time to go to the doctor if they don’t work.”

Read the full report here. 

 

2 comments on “More Companies Cut Spousal Health Coverage to Cut Costs

  1. When you go to a grocery store there is a cost of bread and you pay for the bread. $ to the store and $ to the baker.

    Buy an office visit and you pay money to the doctor, who charges more than someone else is willing to pay, so you have to pay more than the policy you pay for will allow the doctor to charge. Then the more you buy the more money it cost to pay for the policy that is telling the doctor what he can charge for, and he bills you so now your paying for the policy and the doctor. CONFUSED?

    That is what happens when someone other than the grocery store tells you how much bread cost!

    Reply

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