Family's Health Plan Changes
This is a news story, published by KFF Health News, that relates primarily to Lycoming College news.
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health reimbursement arrangementKFF Health News
•Benefit Trend: Employers Opt To Give Workers an Allowance for Coverage - KFF Health News
85% Informative
Employers are using a health reimbursement arrangement to control their health care spending.
The plans allow employers to make tax-preferred contributions to employees to use to buy coverage on the individual market.
Some consumer advocates are concerned the plans could result in skimpier, pricier coverage for certain consumers, especially sicker, older ones.
Lycoming College faced a 60% premium increase after some members had high claims.
The college saved $1.4 million in health care costs over what they would have spent if they’d stayed with its group plan.
Vendors continue to crop up to help employers and their workers manage their plans.
VR Score
86
Informative language
85
Neutral language
70
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English
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47
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12
Source diversity
11
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