Family's Health Plan Changes
This is a news story, published by CBS News, that relates primarily to Lycoming College news.
personal finance & financial education news
For more personal finance & financial education news, you can click here:
more personal finance & financial education newsCBS News news
For more news from CBS News, you can click here:
more news from CBS NewsAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like personal finance & financial education news, you might also like this article about
individual coverage health reimbursement arrangement. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest deductible plan news, medical bills news, personal finance & financial education news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
health reimbursement arrangementCBS News
•Benefit trend: Employers opt to give workers an allowance for health coverage
88% Informative
Employers are offering health reimbursement arrangements 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.
Lycoming College saved $1.4 million in health care costs over what they would have spent if they'd stayed with its group plan.
This coverage arrangement can be complicated to manage.
Vendors continue to crop up to help employers and their workers manage their plans.
It's unclear whether the plans will take off or remain a niche product.
VR Score
91
Informative language
90
Neutral language
70
Article tone
informal
Language
English
Language complexity
47
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
11
Source diversity
10
Affiliate links
no affiliate links