Utah Waste of Money
I pay a lot for health insurance for my employees. Labor healthcare costs are my 2nd largest expense, and they are going up 16% this year. I’d heard about the”Utah Health Exchange” with an implication it could save me money. So I went to check it out.
Here is the Employers info page on the Exchange website. I’ll excerpt part of it:
Employer Application Details: During the registration process, the following information will be requested: information about your company, your current health insurance plan information, information about your producer, your new hire waiting period, copies of your latest Quarterly Wage and Tax Form, your latest health insurance carrier bill and a standard census file.
So, let me get this right. There is NO information on how the Exchange benefits my company on this page (or the site). BUT please give us your Quarterly Wage and Tax form and our health insurance bill and census.
Why would I do this?
At the end it suggests strongly that I “work with a producer”. Well I do. And what does this Exchange do that they don’t already do? My producer (agent) already offers me up plans from all these companies. And MSA, HSA, FSA and any number of other acronyms.
WHY did the state spend millions setting up this silly website and Exchange? Why do they hide any benefits it might provide?
I suspect because there are none.