News Headlines Article

Voluntary benefits could hold key to health care reform excise tax
Business Insurance

Some U.S. employers are beginning to use voluntary medical benefit plans to minimize the prospects of sharp health care cost increases in the coming years as a result of health care reform.

Effective for 2015, Chicago-based cement manufacturer Lafarge North America Inc. is fully replacing its existing “gold” and “silver” PPO health care plan with a high deductible health plan coupled with a suite of employer-paid voluntary medical benefits — including hospital indemnity, critical illness and group accident coverage plans — designed to offset the substantial transfer of plan costs to its employees.