Kaiser Says More Offered Defined Plans

A recent report by the Kaiser Family Foundation shows that about one-third of California employers are moving toward defined contribution health plans. Defined contribution plans involve employee participation in the choice and purchase of their own coverage where employees are allotted money by their employers to purchase their own health insurance plans, either from a select group of insurers or of their own choice. Kaiser surveyed 857 companies. 60 percent of those surveyed offered group health benefits (a 12 percent increase over 1999), 33 percent are somewhat or very likely to switch fr...