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Low-Deductible Health Coverage Gains Favor in Tight Labor Market

July 6, 2022, 7:14 PM

More than two-thirds of US employers are planning to enhance health and benefit offerings in 2023, benefits consulting firm Mercer said Wednesday.

Mercer’s survey of 700 employers found that 11% of employers are considering providing a medical plan with a low deductible or no deductible in 2023, and 41% already offer that option. Eleven percent offer free employee-only coverage for at least one medical plan, and another 11% are considering it.

Employers plan their benefits to attract and retain employees, and that has become especially challenging in the current tight labor market while economic conditions are volatile, Mercer said.

Responding ...