Newsline

Wholesaler-Distributors See Insurance Increases

WASHINGTON, DC — Data compiled by the National Association of Wholesaler-Distributors (NAW) reveals a sharp increase over the past year in group health insurance premiums paid by industry employers. Information was provided by more than 500 wholesale distribution companies of all sizes and across all lines of trades, 99% of which offer health insurance as an employee benefit.

According to NAW, the average increase is 19%. Only wholesaler-distributors with more than 500 employees deviate to any significant extent from the industry norm. The average increase for these large employers is 16%.

NAW also says that 94% of the companies participating in the study said that if the current trend continues, they plan to implement a combination of cost-cutting options including higher employee premium contributions, higher deductibles, and dropping coverages.

NAW is currently working to provide wholesaler-distributors with an affordable option for private health insurance, and recently unveiled a new association-sponsored program with Flexible Benefit Service Corporation (FBSC) as its partner.

According to George Valiga, vice president and general manager of the NAW Service Corporation (NAWSC), “FBSC provides wholesaler-distributors with a powerful new healthcare alternative to combat double-digit insurance premium increases that threaten to make current coverage unaffordable.”

For information on the program, visit http://naw.flexiblebenefit.com (website).

Publication date: 04/29/2002

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by James Siegel

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2015 AHR Expo

Photos from the 2015 AHR Expo at McCormick Place in Chicago.

Posted: February 19, 2015

Podcasts

NEWSMakers: Andy Patron
Andy Patron, partner with FMI Corp., discusses the impact a national labor shortage may have on the mechanical contracting industry. Posted on March 27.
More Podcasts

ACHRNEWS

NEWS 03-30-15 cover

2015 March 30

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

HVAC Trends

The NEWS regularly reports on HVAC industry trends in our weekly issues. What trends do you see?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con