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.”