CBS News: Workers who have yet to be vaccinated againstcould soon be paying as much as $50 more per paycheck for health insurance as companies across the U.S. try to protect their employees — and themselves — from outbreaks of the disease.
Unvaccinated workers could end up paying $50 more for health insurance — per paycheck https://t.co/fE8xmqa3lq— CBS News (@CBSNews) August 13, 2021
Although most companies remain hesitant to require workers to get vaccinated before they return to the office, even offeringto get a shot, a growing number of big employers are imposing such mandates. And as sick amid a surge in cases caused by the virus’s Delta variant, experts say corporations are weighing whether to hike unvaccinated employees’ monthly insurance premiums.
“Because of the emergence of the Delta variant and because vaccination levels have stalled out with employers, they’re trying to take some more ‘stick’-type measures rather than the incentive,” said Wade Symons, a partner at Mercer Health, a benefits consulting firm. “They’re looking for something that’s going to move the needle, and they’re looking at a surcharge as a potential option for that.”
Symons said the idea of charging unvaccinated employees more for health coverage is “gaining momentum” among his clients in manufacturing, retail, hospitality, financial services and other sectors. The rationale is simple: Workers who have yet to get jabbed are at greater risk of getting COVID-19. A severe case could be costly for their employer, particularly if it involves an extended hospital stay.
How does that work?— Dean Kelly (@DeanAKelly) August 10, 2021
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Employers consider $50 monthly health insurance surcharge for unvaccinated workers | Daily Mail Online https://t.co/nHVxNY2wlY
“Unvaccinated individuals have potential to cost the employer more from a health care spend perspective,” Symons told CBS MoneyWatch. “They could get COVID and incur expensive hospital costs up to $50,000 for an individual with a tough COVID case.”