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Controlling Employee Benefits Cost By Knowing Where to Receive Care The rising cost of healthcare is a major concern for employers and employees alike. Hospital spending, physician services, and prescription drugs are the three main contributors to these costs. By understanding which medical care options to choose and when, it is possible to reduce and manage […]
Combat Rising Costs of Health Benefits: Explore These 4 Funding Options Employers are often stuck in a cycle of continually having to pay more for health insurance benefits for their employees. During the 12-month period ending September 30, 2022, U.S. employee benefit costs increased by 5%. Fortunately, there are strategies that can be used to help […]
Employer’s Guide to Understanding the Skyrocketing Cost of Healthcare The cost of healthcare is rising dramatically; in fact, it is estimated that U.S. health expenditures will reach $6.8 trillion by 2030. McKinsey and Company, a global management consulting firm, reported that employers could experience a 9-10% increase in health plan costs due to inflation through […]
Your New Benefits Are Here! So What’s Next? Now that you have your new benefits in place, what steps can you take to make sure you are getting the most out of them? Open Enrollment is the perfect opportunity to review your health plan, update any necessary information, and take action to make sure your […]
Use Data to Negotiate Better Rates for Your Health Plans Healthcare costs are on the rise and are expected to continue in that direction over the next few years. As a result, it’s important for employers to find ways to combat these high rates and anticipated increases. One way to do this is by using […]
Post-Open Enrollment Checklist An organization’s post-open enrollment activities can be just as important as the tasks that must be completed leading up to and during open enrollment. After wrapping up open enrollment, there are many benefits-related responsibilities employers must address. The post-open enrollment period can allow employers to gather valuable information, including feedback and analyses, […]
8 Ways to Reduce Employee Benefit Costs It’s no secret that offering employee benefits can be expensive for employers, with the average company spending about 8% of its operating budget on employee benefits. In recent years, the cost of employee benefits has increased by 5-7% annually. However, offering a strong benefits program is crucial for […]
How Benefits Work Together to Attract & Retain Happy Employees Employers today are facing a competitive landscape when it comes to attracting and retaining top talent. In order to stay ahead of the curve, it’s important to offer a benefits package that meets the needs of your employees. A comprehensive benefits package can help to […]
How to leverage the strengths of multi-generational teams. We’re currently seeing the most age-diverse work population in history. Five generations are working with one another, and each has lived different experiences shaping their reality. At best, a multi-generational workforce brings innovation, perspectives, and creativity to the table. At worst, different generations can clash in the […]