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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.
  • By TOM MURPHY
    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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