Health Insurance Daily

State insurance premiums keep climbing

Health insurance premiums increased 12.8 percent for the 12 months ended March 1, according to Compdata Surveys, a unit of Kansas-based Dolan Technologies Corp. that provides pay and benefit data to companies nationwide.
The increase is down from the prior year's 13.8-percent gain and a 16.3-percent increase two years ago. HMO plans had the lowest increase at 12.5 percent. Companies for several years have fought rising premiums by increasing deductibles and co-insurance amounts and decreasing benefits.
In the survey period, just under 41 percent of Indiana companies increased the employee's portion of the health premium, 33.6 percent increased deductible levels and 5.9 percent reduced benefits offered in an effort to save on health care costs.

Article provided by the Indiana Business Journal, September 19, 2006.

posted by Mike @ 1:35 PM