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Respondents were asked what changes they made or are planning to make as regulations from the Affordable Care Act continue to come into effect. Half (50%) indicated they no longer have any annual benefit limits in place, while nearly one-third (32%) reported that they did not make any changes to their annual limits this year. Among employers making changes for 2013, the most common benefits requiring adjustments to their annual limits were mental health and substance abuse (9%) and rehabilitative services and devices (9%). The majority of respondents (57%) did not have any benefit option in grandfathered status this year, compared to 49% last year. However, more than one-fourth (27%) will have at least one grandfathered health plan this year. More than half of respondents (51%) believe that some retirees might find state health insurance exchanges to be a viable option for health insurance. More than one-third (38%) felt that COBRA plan participants might consider exchanges, while 35% felt that part-time employees might consider exchanges. The survey, based on responses from 82 of the nation’s largest corporations, was conducted in June.
Respondents were asked what changes they made or are planning to make as regulations from the Affordable Care Act continue to come into effect.
Half (50%) indicated they no longer have any annual benefit limits in place, while nearly one-third (32%) reported that they did not make any changes to their annual limits this year. Among employers making changes for 2013, the most common benefits requiring adjustments to their annual limits were mental health and substance abuse (9%) and rehabilitative services and devices (9%).
The majority of respondents (57%) did not have any benefit option in grandfathered status this year, compared to 49% last year. However, more than one-fourth (27%) will have at least one grandfathered health plan this year.
More than half of respondents (51%) believe that some retirees might find state health insurance exchanges to be a viable option for health insurance. More than one-third (38%) felt that COBRA plan participants might consider exchanges, while 35% felt that part-time employees might consider exchanges.
Rebecca Mooreeditors@plansponsor.com