Imagine this. You’re a self-insured employer with 500 former employers enrolled in COBRA. With average claim costs of $10,589 per person, you have a $5.3 million expense on your balance sheet. That’s right—$5.3 million, for people that don’t even work for you. This isn’t a hypothetical. One employer I met with had this exact scenario. The amount of COBRA costs often ignored by employers can be staggering. Read this white paper to find out why employers need a COBRA alternative.
Will health insurance be sold across state lines? Will the ACA be repealed or altered? James Klein, head of the American Benefits Council, explains the probable impact of a Republican or Democratic victory in November.