Unvaccinated people may have to pay more for health insurance
More employers and insurance companies are considering raising health insurance premiums for employees who choose to forego vaccination.
Starting in November,
"It's similar to what already occurs with smokers," said
Unvaccinated Americans are at higher risk to develop severe cases of the virus.
The average amount hospitals across the
A
"It all winds up getting back into premiums somehow," Campanella said. "Somebody has to pay that cost."
Some companies are choosing to shift the burden of those costs from all employees to only those who choose to forego vaccination.
For companies like Delta, which is not requiring employee vaccination, it may also incentivize more employees to get the shot.
"Employers are looking at it as an incentive to get their employees vaccinated. I also think it is an attempt to get control of some of the costs related to COVID," said
O'Reilly and Campanella said self-insured companies can more easily increase premiums for unvaccinated employees.
"I think they're looking to keep their employees safe, to keep their businesses operational and then, to keep costs down," O'Reilly said.


The complicated, stressful world of law and insurance
N.Y. State Comptroller DiNapoli Releases Audits
Advisor News
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
- ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
- Why women must be more engaged in investing
More Advisor NewsAnnuity News
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
- Market-value adjusted annuities: Key considerations for advisors
- Private equity’s next play in insurance
- Immediate Care Plan: A new solution for funding LTC
- Delaware Life Launches a New Bonus Fixed Index Annuity Built for Growth, Protection, and Flexibility
More Annuity NewsHealth/Employee Benefits News
- Farm families consider options for health coverage
- Medicaid insurers’ contracts on the line in tight Iowa governor’s race
- Here are the corporate PACs fueling Tennessee’s race for governor
- OPINION: Healthcare costs are surging. Taxing billionaires will help Californians keep their coverage
- Doctors concerned about Medicaid work rule
More Health/Employee Benefits NewsLife Insurance News
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
- Court sides with Ameritas in denying $4M STOLI payout to Wells Fargo
- AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of The Fortegra Group, Inc.’s Insurance Subsidiaries
- Yancey Jr., Delos Harley
- Vincent Esparza CFP, CLU joins Wilde Wealth Management Group as Senior Wealth Advisor
More Life Insurance News