In 2009, Poker Face by Lady Gaga dominated the music charts and 7 out of 10 employees had health insurance deductibles of $1000 or less. We are not taking about the Clinton-era 90s. This was 7 years ago. Today, the average employee’s deductible increases over a $1000 each year.
With $8000/$16000 deductibles quickly becoming the norm for company sponsored medical plans, the market has many creative ways to protect employees from overwhelming deductibles in the event of a medical emergency. Accident and critical care plans are just a few dollars a paycheck but might take care of an employee’s entire deductible with just one event. Company sponsored insurance might not be what it was 7 years ago, but new strategies can put employees in better situations.