Roughly 50 percent of the respondents are expanding coverage to new eligibility groups like domestic partners, rather than limiting coverage through dependent eligibility audits. (Image: Shutterstock)
When choosing which benefits to offer workers, the overarching objective for employers has long been to reduce cost. However, the need to be more competitive in the War for Talent by offering more desirable—and pricier—offerings is increasingly overriding expense reduction, according to the 2019 Lockton Benefits Survey.
For example, while giving workers the choice to enroll in richer health plans can raise costs, the vast majority (83 percent) of the survey respondents offer those within a wide selection of plans, and 76 percent include a traditional plan (PPO, HMO) option. Just 13 percent are offering full-replacement high-deductible plans, bending to the need to be competitive over reducing costs.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
