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Nov 16, 2012 5:30 PM by Lauren Molenburg

Workers see more insurance choices

NEW COVERAGE APPROACH: More employers are considering a change in how they provide health coverage for their workers. Instead of offering a plan or two for employees, some companies are giving their workers a credit or fixed sum of money to buy their own insurance.

HOW IT WORKS: This approach can vary widely. Some companies offer a few coverage choices, others send workers to exchanges that give them more than a dozen options.

WHO IS DOING IT: Sears Holding Corp. and Darden Restaurants Inc. are among employers making the switch. Benefits consultant Aon Hewitt is one of several companies developing an exchange.

(Copyright 2012 The Associated Press. All rights reserved.)

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