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The study, by Mercer, one of the nation's largest employee benefit consulting concerns, is based on a survey of nearly 3,000 employers.
The benefit consulting firm Milliman annually publishes its Milliman Medical Index on the average total cost of health care for a typical American family of four under age 65, covered by a preferred provider plan, or P.P.O.
In a recent paper by the actuarial benefit consulting firm Milliman, prepared for the Indiana Health Care Exchange Policy Committee, an average of 13 percent of applicants age 35 to 39 and 24 percent of applicants age 55 to 59 were found to have been denied insurance coverage in Indiana's nongroup health insurance market (see Figure 3).
"The tax laws encourage people to put money in pension plans, but do not create much of an incentive to set aside money for retiree medical benefits," said Joseph J. Martingale, an expert on health care at Watson Wyatt Worldwide, an employee benefit consulting company.
Wood is a popular speaker at benefit consulting trade shows.
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"Employees need to read their options very carefully," cautioned Randall Abbott, a senior consultant at Watson Wyatt, a benefits consulting firm.
"For a plan of that size, it is generally not done," said Joshua Dietch, a consultant for Cerulli Associates, a benefits consulting firm.
At the same time, though, some plans may lower the cost of maintenance drugs (say, for asthma) that have been proved to reduce overall health costs, according to Tom Billet, a senior consultant at Watson Wyatt, a benefits consulting firm.
Her mother is a pension consultant at Creative Plan Designs, an employee benefits consulting firm in East Meadow, N.Y.
His mother is a consultant for Mahoney & Associates, an employee benefits consulting business in Fort Lauderdale.
"Health care costs have gotten totally out of control and it's become clear that employers have to be even more active in sharing the burden with employees," said Wendy Rhodes, a consultant at Hewitt Associates, the benefits consulting firm.
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