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Article: Jump in, the water's fine; As benefits pros wade through renewal season, they should consider health insurance purchasing pools.(Benefits Corner Office)
- Article from:
- Employee Benefit News
- Article date:
- October 5, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Nancy L. Bolton
As benefits managers consider health insurance renewals for plan year 2010, it appears increasing trend will squeeze employers and employees alike and once again force employers to make tough decisions: raise rates, shift costs, go to a high deductible health savings account or eliminate health insurance entirely.
As savvy and creative benefits professionals consider the many options, it might be wise to consider among them a health insurance consortium, also known as a purchasing pool.
A few years back, I had the privilege of serving as the risk manager for a local city government in Broward County, Fla. There were ...