Business Health Insurance Coverages Face Rising COVID Costs
U.S. health insurance debt is on the rise as COVID cases rise again, with more hospitalizations in December. As a result, some employers are considering imposing corporate health coverage supplements on unvaccinated employees.
The average cost of employee health insurance globally jumped 6.3% in 2021, as most individuals were not required to pay fees in 2020. Small businesses that provide health insurance have experienced the fastest growing cost this year.
Federal healthcare on Wednesday reported a surge of $ 4.1 trillion spent last year on COVID tests, vaccines and treatments for patients. Other health insurers have decided to lift total relief from pandemic coverage due to high costs.
As the Omicron variant caused rapid further spread of the virus, some employers have taken the initiative to revise their company health policies to further motivate staff vaccination.
This was the case with supermarket chain Kroger, which first imposed an additional $ 50 on Tuesday on employees who refuse the COVID vaccine. Additional charges will not apply to staff with medical and religious exceptions.
However, they’re not the only employer to take this step, as Delta Air Lines imposed a $ 200 fee in August.
NPR reported employers use “wellness programs” to encourage employee vaccination for a safer work environment, and how these policies allow them to impose penalties or rewards.
Businesses across the country are juggling stand-still workers over their decision not to get the vaccine and law enforcement lawsuits at the border.
Under federal law, an employer has the option of changing their health insurance policies regarding COVID vaccinations, as long as they clearly define an opt-out option.