Wednesday, March 11, 2015

Defined Contribution in Health Insurance

Many in the health insurance and employee benefits space are claiming to have found the next new, innovative and sure fire way to reduce health insurance costs. Actually its an old idea, originally deployed in the retirement/pension area of the overall employee benefits palette, and fairly recently resurrected for use in employer provided health insurance. The next “silver bullet”?
(Remember 401(k)s gradual replacement of many defined benefit retirement pension plans in the eighties?)