It’s in your best interest to stay healthy, not only for your personal well being, but also for the way it can affect the health care benefits you receive from your employer.
The time when a company paid 100% of all medical expenses has become a dim memory as companies today ask their employees to pick up higher and higher portions of the cost of their health care benefits. The reason lies in the rapidly escalating cost of health care.
A variety of factors contribute to rising costs. As the U.S. population continues to age, more people are living longer and requiring more medical care. New medical technologies are providing important advances, but often with a hefty price tag. While hospitals have taken steps to control the costs of their inpatient services, they are experiencing a subsequent rise in costs for outpatient services.
Many insurers are doing what they can to help control costs through managed care medical plans for employers, preferred provider organizations (PPO), point-of-service (POS) plans, or health maintenance organizations (HMO).