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Survey suggests big businesses will shift part-timers and retirees to insurance exchanges

Employee-retention

Corporate America is taking a hard look at moving retirees and part-time workers into health insurance marketplaces created by the Affordable Care Act, suggests a survey by the National Business Group on Health.

According to Kaiser Health News, the annual survey published Wednesday also suggests that coverage for full-time workers employee spouses will shift to the online, state-based marketplaces known as exchanges. 

"'They see the exchanges as logical places for them,'" NBGH President Helen Darling said in an interview, portraying the change as adding diversity and stability to the marketplaces. 'These are people that public policymakers wanted to get into the pool.'

"The survey was done before the Obama administration delayed until 2015 the requirement that large employers offer coverage to certain workers, the group cautioned, so some plans may have changed.

"NBGH, an association of large employers offering what are often substantial medical benefits, polled its membership about their plans for 2014. Of 360 members, 108 responded, most with more than 10,000 employees each. The findings are likely to add to the discussion about whether the Affordable Care Act will erode traditional, employer-based coverage. 

"NBGH asked whether employers expected various groups "who may currently be covered by your plans will choose public exchange coverage when it becomes available in 2014."

"While 40 percent predicted no change, a fifth of those responding expected part-time workers to buy exchange plans next year. The health law does not require employer coverage for those who work less than 30 hours a week.

"A fourth anticipated that retirees too young for Medicare and still on the company plan could choose exchange coverage in 2014.

"An even greater percentage -- 41 percent -- figured former employees on the company plan under COBRA provisions would buy instead in the subsidized online exchanges next year." Read the full story.

 

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