High-deductible Plans Gain Favor, but PPOs Still Tops

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More employees than ever are opting for high-deductible health plans (HDHPs), but preferred provider organizations (PPOs) are still the most popular among group health plans, a new study has found. Thirty-four percent of employees selected an HDHP for 2016 when it was offered alongside a traditional health plan, with millennial employees over age 26 the most likely to choose the option at 40%, according to a report by benefits management technology provider Benefitfocus Inc. The company analyzed enrollment data from 2,400 midsize employers using its technology platform. The study found that 87% of midsize employers offer traditional plans – health…
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