Mercer

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Employers to pay 2% more to cover college kids

Employers could see an additional cost increase of up to 2 percent to medical premiums next year under the new health reform law that extends coverage to people up to age 26 through their parents’ health plans.

A new study by employee benefits consulting firm Mercer says the influx of “newly eligible” college-aged dependent children on their parents health plans will on average increase health care costs 0.25 percent to 2 percent. The increase would come on top of premiums for large employers already rising this year 8 to 10 percent by most analysts’ estimates. Get the full story »