Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In recent years, rising health care costs have left much to be desired for both employers and employees.  For example, some employers may want to increase compensation for their employees but could be struggling due to costs impacting their bottom line, while employees want better benefits packages to help protect their lifestyles. As you work with clients to help tackle these tough situations, here are some tips to offer clients on how to keep rising costs at bay while still offering a competitive benefits packages for employees:

Increase the diversity of benefits offerings — include voluntary insurance. Today’s workforce wants choice. According to the 2017 Aflac WorkForces Report, 81 percent of employees see a growing need for voluntary insurance benefits, and 90 percent consider voluntary insurance at least somewhat part of a comprehensive benefits program. There are voluntary insurance options to supplement any strategy. Products such as accident, critical illness/cancer, hospital indemnity, life and disability can give employees more control in selecting benefits that will best protect their lifestyles.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Follow the Conversation

BenefitsPro Broker ExpoEvent

BenefitsPro Broker Expo will help attendees prepare for new issues, embrace new challenges and find new solutions.

Get More Information


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.