The latest government statistics estimate that 47 million Americans do not have health insurance coverage. According to the Kaiser Family Foundation, 54 percent of those Americans are in working families. These are the working uninsured and they are often in part-time and hourly jobs where they do not have access to a major medical plan through their employer or spouse.
Many companies are turning to limited-benefit health plans to provide affordable health insurance to these working uninsured. Limited-benefit plans are typically 100 percent employee paid and can be offered at no cost to the employer. Premiums for such a plan often start at one or two hours' pay per week, making access to health insurance a reality for part-time employee making $8 to $12 per hour. The characteristics of risk assessment for the working uninsured are completely different from the population that has access to traditional major medical coverage. For underwriters it is important to identify these risks for the best classification possible.
A Matter of Priority
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