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Employees Want More Information for Health Coverage Decisions

September 19, 2013 (PLANSPONSOR.com) – A recent survey by the Transamerica Center for Health Studies (TCHS) found people are in need of more information to help them make decisions about health care coverage.

By Kevin McGuinness editors@plansponsor.com | September 19, 2013
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The First Annual Transamerica Center for Health Studies Survey: Benchmark on Health Care Coverage Perceptions and Readiness found many employees and employers do not have the information they need to navigate the personal and financial implications of the Affordable Care Act (ACA). Only 13% of employees and 25% of employers feel very informed about the ACA.

Information employees indicated they need to feel better informed about their health care coverage options include:

  • A description of the available benefits;
  • A comparison of how the cost of health insurance may change; and
  • A comparison of coverage among the available plans.

When asked what they provided to employees, only 12% of employers reported providing all three pieces of information. About half of employers provide a description of benefits, 30% provide a comparison of coverage options, and 24% provide a comparison of cost.

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