In the ever-evolving world of health insurance and costs, many are asking what to expect for 2022. Many get the standard messages or emails to enroll on the exchange (if they have in the past) and many employers are searching for options or trying to understand what changes to consider.
First and foremost, employers are expecting health coverage premiums to jump about 5% per covered employee in 2022. This is after taking some cost-saving initiatives into account. Last year saw the lowest jump in decades but it was considered an anomaly due to Covid-19. Many people turned to telemedicine and would forego non-emergency care. Employers, especially those who carry a lot of lower-wage workers understand the importance of healthcare costs to their employees. This is causing many employers to spend more time researching cost-saving initiatives and branching out to look at different options.
Here are some examples of cost-saving measures employers are looking at:
- Telemedicine options – giving more options for deferred, non-emergency care. This includes such things as counseling for mental health and drug or alcohol abuse.
- Promotion of employer-based health incentive programs. This includes wellness promotion programs within their company.
- Network consideration – many employers are looking to narrow their networks to more premium doctors or hospitals or lower-cost healthcare providers.
- Prescription plan options
- Spousal surcharges – employers are looking at options to surcharge for a working spouse when that spouse has coverage options through their employer.
At Catalyst Insurance Group we take great pride in the time we spend with employers to thoroughly evaluate their health plans. We will help an employer understand cost-saving initiatives and truly evaluate the products they need or do not need based on the structure of their employees. It is a very difficult place to navigate and we will give you the power to take control of your coverage needs and more importantly, the budgets you have.