Statewide Iowa — (RI) — Significantly more Iowans who get their health insurance through their employers are now on high-deductible plans, according to an annual report from the University of Minnesota.
Elizabeth Lukanen, deputy director of the university’s State Health Access Data Assistance Center, says employers are likely trying to keep premiums low by raising deductibles.
The annual report found the number of Iowans on high-deductible plans jumped from 50 percent in 2017 to 57 percent last year. The national average is 49 percent. Lukanen says many Iowans may not understand these plans can be financially risky.
The report found the average deductible for a single person rose $288 over the past two years, an increase of more than 15 percent.