Employees who work for Fortune 500 companies are expected to pay higher health insurance employee contributions. These are findings from a survey conducted to evaluate the impact of The PPACA or Patient Protection and Affordable Care Act also popularly known as Obamacare. The survey findings show that there is a huge percent increase in the cost of health coverage and a huge percent has moved or is planning to move employees to the consumer directed health plans to deal with the increase. There is also an increase in the employee contributions plans for insurance and a good percent is also already planning to limit the number of full time employees hired all in the name of managing the drastic change.
In essence, the moving of employees to Consumer Directed Health plans is to ensure that they have an amount of money to cover for regular healthcare managed by the corporations thus shifting responsibility from the employer to the worker. The need to offer health insurance to all employees working 30 hours every week under the act has also driven most small businesses to consider hiring part time workers to ensure that this limit is not reached compelling them to provide the insurance. In simple terms, to keep up with the act, Fortune 500 companies are coming up with ways through which they can ease the burden from their shoulders and setting it squarely on the employees.
The Better Solution
Fortunately, even with the burden now lying more on the employees, there is still hope for affordable health insurance. This is because there are plenty of firms offering amazing insurance plans, making it possible for every employer to find a plan they can keep up with in terms of premiums and still get access to quality health care. The huge variety makes it possible to access health care even with all the changes that the Fortune 500 companies are making to reverse the effects that the PPACA is bringing their way. As an employee, you can now find health plans that will not have drastic cuts on your already squeezed pay slip.
You can find health insurance quotes with ease online. The quotes are helpful since they give you the chance to compare and contrast between different plans offered by different insurance firms. You can then choose the health coverage plan that works for the financial needs you have. The fact is that there are possibilities of finding a plan that will work for you. There are very good sites dedicated to offering you with health insurance quotes that you need to make the right decision when choosing a cover plan. They provide the plans from different insurance firms making the process easier for you.
You can choose from individual health plans to family plans depending on the personal requirements you have. The numerous insurance providers come up with plans that can work for any person, regardless of their financial capabilities and so you will find the best for you.