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As the cost of health insurance continues to grow higher, securing a stable health plan for employees while cutting costs becomes more and more of a necessity. One way that employers have found to go about this is...Read More
We use forms of Artificial Intelligence every day—from Alexa telling us the weather, to virtual assistants on websites, to Wall Street for stock trading. So, it feels natural that it will ...Read More
Why Small Businesses Should Consider Self-Funded Health Insurance Plans
Inflation is already a growing concern—but did you know that health insurance premiums are increasing even faster? If left unchecked, by 2055 the average family’s health insurance premium will exceed the average wage. To learn more about how self-funded health plans can help save money, check out this article from Entrepreneur.Read More
Payers could see 7% spike in healthcare costs in 2024
A new report from PwC indicates that health plans are modeling for inflation, and double-digit pharmacy trends driven by specialty drugs. Shifts in care settings and workforce shortages are only escalating the impact of inflation, making a tough situation that much worse. Learn more about spiking healthcare costs and their impact in this article from Healthcare Finance News.Read More
Younger people driving more high-cost claims for employers: survey
True or false: the latest rise in high-cost claims is due to older plan members. You might be surprised to learn that the answer is false—the culprit for high costs is increasingly turning out to be the younger population. Self-insured employers face plenty of challenges trying to manage healthcare costs as it is, from the expenses of specialty drugs to the limitations of stop-loss coverage. Check out this article to learn how to cut down on unnecessary expenses.Read More
Discover The Truth About Self-Funding — And Save on Your Health Plan
Do you believe self-funded health plans are more expensive? The truth is they save companies an average of 8-10% a year, which really adds up in the long run. Check out this article to uncover the truth about self-funding.Read More
How strategic use of benefits accounts can ease financial stress
If you knew what cost a business a fourth of their weekly productivity, wouldn’t you want to fix that? That is what happens when employees endure financial stress. But with strategic benefits planning, you and your clients can give their employees the support they need to eliminate that worry – driving productivity and employee retention.Read More
Study: Young people buying insurance worry about wrong risk
What is the most important factor for young people buying insurance? The answer may surprise you. A recent survey found that young buyers are worrying about the wrong risk. With benefits planning, you and your clients will help them consider the right factors.Read More
Survey: Annual 2022 health premiums steady, but may be ‘calm before the storm’
The average premium for family coverage has risen over the years, but recent inflation will
further increase it.
Employers contribute greatly to this cost and won’t be able to easily shift it to employees in a tight labor market.
According to KFF’s annual Employer Health Benefits Survey, workers at small firms pay higher deductibles, and there’s an increase in employees using mental health services.
Which benefits trends will affect employees most in 2023?
Which benefits trends will solve the challenges that the pandemic caused employers?
Many employees are recovering from financial strain, facing the hardship of becoming caregivers, and growing more concerned about their mental health.
As a result, the industry is shifting towards a customized approach to meet employees’ needs.
Workers favor health and wellbeing services when choosing an employer
The secret to every successful company is the ability to run a profitable business while
attracting and retaining talented employees.
But how does one successfully do this? According to Mental Health Index, benefits and flexibility are the largest contributors to engaging and maintaining top professionals.
Employers surveyed plan to enhance benefits in 2023 to attract, retain talent
With the start of the new year, many employers are looking for ways to enhance their health
and benefits offerings.
According to Mercer’s Survey on Health and Benefits Strategies, employers are reworking benefits programs to attract and retain talented employees.