How Many Wisconsin Employers Offered Health Insurance in 2016?

Introduction

Health insurance is a crucial aspect of employee benefits in the United States. Many American workers prefer jobs that offerhealth insurance coverageas a benefit. Health insurance coverage helps individuals and families to manage the cost of healthcare services. In Wisconsin, employers have a responsibility to provide health insurance coverage to their employees. This article examines how many Wisconsin employers offered health insurance in 2016.

How Many Wisconsin Employers Offered Health Insurance in 2016?

According to a report by the Wisconsin Office of the Commissioner of Insurance, 74% of Wisconsin employers offered health insurance coverage to their employees in 2016. This figure is a slight increase from the previous year when 71% of employers offered health insurance coverage. The report also indicated that large employers were more likely to offer health insurance coverage compared to small employers.

Why Health Insurance Coverage is Important for Employees?

Health insurance coverage is essential for employees because it provides them with access to necessary health care services. Without health insurance coverage, individuals and families may not be able to afford the high cost of medical care. Health insurance coverage also providesfinancial protectionin case of unexpected illnesses or injuries. By having health insurance coverage, employees can focus on their work without worrying about the cost of healthcare services.

How Employers Can Choose the Best Health Insurance Coverage?

Employers need to consider several factors when choosing the best health insurance coverage for their employees. Firstly, they need to consider the cost of the premiums, deductibles, and out-of-pocket expenses. Secondly, they need to consider the coverage network, which includes the hospitals, doctors, and medical facilities that are covered by the health insurance plan. Thirdly, they need to consider the benefits offered by the health insurance plan, such as prescription drug coverage, preventive care, and mental health services. Lastly, they need to consider the level of customer service provided by the health insurance company.

Conclusion

In conclusion, health insurance coverage is an important benefit for employees in Wisconsin. A significant percentage of Wisconsin employers offer health insurance coverage to their employees. Employers need to choose the best health insurance coverage based on several factors, including cost, coverage network, benefits, and customer service. As a financial advisor, I recommend that individuals and families in Wisconsin should also consider purchasing health insurance coverage to protect their finances from unexpected healthcare expenses. Additionally, it is essential to have a comprehensive insurance portfolio that includes life insurance, disability insurance, and long-term care insurance. These insurance products can provide financial security for individuals and families in the event of unexpected life events.