Views on Employment-Based Health Benefits: Findings from the 2012 Health Confidence Survey

Source: Paul Fronstin, Employee Benefit Research Institute, EBRI Notes, Vol. 33, No. 12, December 2012

From the summary:
– Enactment of PPACA has raised questions about whether employers will continue to offer health coverage to their workers in the future. Yet the importance of benefits as a criterion in choosing a job remains high, and health insurance in particular continues to be, by far, the most important employee benefit to workers.
– The 2012 EBRI/MGA Health Confidence Survey (HCS) finds most Americans are satisfied with the health benefits they have now and prefer not to change the mix of benefits and wages. Three-quarters (73 percent) report that they are satisfied with the health benefits they currently receive while 15 percent say they would trade wages to get more health benefits, and 9 percent say they would surrender health benefits for higher wages.
– Choice of health plans is important to workers, and they would like more choices, but most workers expressed confidence that their employers or unions have selected the best available health plan. Moreover, they are not as confident in their ability to choose the best available plan if their employers or unions did, in fact, stop offering coverage.
– If current tax preferences were to change, and employment-based coverage became taxable, 39 percent of individuals say they would continue with their current level of coverage, compared with 29 percent who indicated that preference in 2011.

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