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November 16, 2012

More firms trying U-pick health insurance

  • Despite possible downsides, insurers say defined contribution plans are becoming more common.
    AP Business Writer

    For some American workers, picking the right health insurance is becoming more like hunting for the perfect business suit: It takes some shopping around to find a good fit and avoid sticker shock.

    In a major shift in employer-sponsored health insurance coverage, companies such as Sears Holdings Corp. and Darden Restaurants Inc. are giving employees a fixed amount of money and allowing them to choose their own coverage based on their individual needs.

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