Increased Utilization of Health Plans During Economic Downturn
Michael Browning May 12, 2009
A survey conducted in late April by the International Foundation of Employee Benefit Plans indicated that many plan sponsors are seeing increased utilization of their health plans during the financial downturn. Here is an excerpt from the press release:
“About one-third of plan sponsors have noticed an increase in the number of participants filling prescriptions and engaging in costly medical procedures before their insurance runs out. Twenty-four percent of plan sponsors have observed growth in the number of participants adding dependents to their plans. At the same time, 17.8% of plan sponsors have introduced or are considering dependent eligibility audits.”
http://www.ifebp.org/AboutUs/PressRoom/Releases/HCPlanFinCrisisSurvey.htm
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