Does Health Insurance Affect The Employment Of Older Workers?

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One response to “Does Health Insurance Affect The Employment Of Older Workers?”

1. 

   March 20, 2013

   Larry Gilmore

   Well, there really isn’t an on the record answer for this. Older employees tend to cost more to provide health insurance for. Medical plans go one of two ways. One way is a level premium for all employees in the group. This is based on “averaging” the premium cost among the group. This is also done for gender. The other way is known as “banded coverage” where group premiums are grouped, usually in 5 year blocks and rates vary based on ages.

   You would hope an employer wouldn’t use the medical premium cost as a hiring means test. It would possibly be considered age discrimination.