Obamacare Seen Prompting Gap Insurance Sales
As employers explore ways to contain health care costs while complying with the PPACA, many also are looking to help their workers finance the higher co-pays, deductibles and premiums that can be a result of changes to their health care benefits.
In some instances, they are choosing what’s known as gap or bridge insurance. This covers some of the out-of-pocket health care costs that are increasingly difficult for employees to shoulder, including deductibles that can go as high as $10,000.
“Very few of our employers are offering gap insurance,” said Steve Goulet, principal and senior vice president of Ascende’s health and welfare division. Ascende is a Houston-based human capital consulting firm.
Goulet said Ascende’s clients typically are larger, employing between 100 and 10,000 employees. For them, gap insurance doesn’t pencil out.
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