Employers Act to Avoid 'Rate Shock'

Fearing Obamacare will drastically increase the cost of health insurance policies next year, some employers are turning to new strategies to blunt or at least delay the "rate shock."

Fearing Obamacare will drastically increase the cost of health insurance policies next year, some employers are turning to new strategies to blunt or at least delay the "rate shock."

Insurers are encouraging small businesses to consider renewing their existing plans early to give companies an extra year to see how Obamacare will affect insurance markets. And many business owners are intrigued, industry experts say.

Insurers also are selling new plans that allow small businesses to self-insure, which also gives companies room to avoid some Obamacare taxes and regulations.

Those strategies, however, are not for everyone, and they come with their own risks, the experts say.

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Source: The Morning Call