Report: Health Insurance Premiums Stay Flat, Telemedicine Added in Face of COVID-19
While median premium changes in health insurance remained flat year-over-year, telemedicine was noted as a primary new benefit, according to a new survey conducted by the American Society of Employers in Livonia.
The 2020 Healthcare Insurance Benefits Survey covers Michigan employers and examines the premiums, deductibles, and co-pays of employer-sponsored health plans as well as wellness benefits and cost control strategies.
The COVID-19 pandemic impacted 27 percent of participants. Median premium increases after plan changes remained flat compared to last year’s data, increasing 2.7 percent for 2019 and 3 percent for 2020 plan years. Median increases for 2021 are projected to be 5 percent.
