Almost half of employers are anticipating a change to the type of health benefits they offer to their employees—with 47% saying they will “definitely” or “probably” switch to a defined-contribution model.
A survey from market research firm J.D. Power and Associates found that employers are increasingly interested in alternatives to traditional health benefits, such as offering vouchers or directing employees to health insurance exchanges.
The numbers correspond with a J.D. Power survey from earlier this year that found that 42% of beneficiaries with employer-sponsored coverage also had an interest in a defined-contribution health benefit.