The average insurance deductible keeps going up, as does the number of people covered by high-deductible plans. And only about half of those people get help from their employers to save up for potential medical bills, according to a new study in Health Affairs.
Why it matters: Higher deductibles don't just require people to pay more out of pocket each year. They also expose those consumers to the complexities of the health care system, including the way prices are set.
- People with high deductibles are more likely to have to pay the full sticker price of a prescription drug, or for a hospital procedure.
- In 2006, just 11.4% of private-sector workers had a high-deductible plan. In 2016, that number was up to 46.5%.
- Roughly half of those workers also get an employer contribution to a health savings account or health reimbursement arrangement.
- High-deductible plans are most popular with smaller companies, where employer contributions to an HSA are least popular.
- At the smallest companies, about two-thirds of workers didn't have the option of a plan without a high deductible, and don't get an employer contribution to an HSA or HRA.