$1,000 is Average Deductible For Group PPOs Health Insurance
An HR consultant firm, Mercer, shed some light on a recent finding. The current deductible average for company sponsored PPOs is $1000. That is twice what it was last year. And from 2001-2007 it remained steady at $500, before that it was $250 in 2000.
So why are group health insurance deductibles increasing? There were a few key points to this increase, says the report. The first was that health care cost for employers went up by 6 percent for the last four years. That’s led to a near-nationwide trend of cost shifting to employees through higher deductibles and higher premiums.
HSAs and high deductible consumer directed health plans are becoming more popular. This is another reason for this. In the end, employees are still paying more out of pocket.
Of course, HSAs and similar plans have great advantages. You save money by them being tax free, as well as continuing to have major medical.
These kinds of plans are usually better for people who don’t require many doctor visits. The end result is, when deductibles rise, our wallets gets tighter.
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