Health care costs are skyrocketing and premiums along with them forcing some employers — especially small businesses — to drop coverage altogether. But others are moving to “high-deductible health plans.” Five times as many businesses offer high deductible health plans as in 2005, according to the UCLA Center for Health Policy Research.
But how do these plans play out for employers — and workers themselves?
Kelley Weiss of the Center for Health Reporting found unpleasant surprises for both owners and employees. Six years ago, Casey Coonerty-Protti took over her family’s business – Bookshop Santa Cruz — a 46 year institution in the heart of downtown. Between the lagging economy and pressure from online books, maintaining a bookstore is not easy. Protti has struggled to continue to offer health insurance. When she started, her company offered a $2,000 deductible, but she’s had to steadily increase the amount of the deductible to $5,000.
From Weiss’ report: Continue reading