Deductibles hit $1.5k, up 50% — 5 notes

United Benefit Advisors released a survey finding this year, the median in-network deductible for employees increased 50 percent, according to Healthcare Finance News.

Here are five notes:

1. This year, the average deductible was $1,500, up from last year's average ($1,000).

2. The survey found although employees pay more for out-of-network services and emergency room visits, their premiums are staying "relatively" stagnant.

3. On the other hand, employees are paying less as they are passing costs onto their employees. Last year, the average health plan cost employers $9,736. That figure dropped this year to $9,727.

4. Although deductibles are up 50 percent, almost half of employees continue to enroll in employer-sponsored Preferred Provider Organization plans.

5. Monthly premiums marginally increased from $140 last year to $144 in 2016.

More articles on coding & billing:
Latest payer ACA departures further limit consumers' options — 5 takeaways
Medicaid reimbursed 6 Texas institutions an extra $57.8M due to erroneous calculations — 6 things to know
Can the ACA make a comeback? 4 key takeaways

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