Person holding smiley face sign Businesses that look out for their employees’ best interests have far more success in keeping and attracting the kind of talent that helps the company grow. (Photo: Shutterstock)

When many business owners look at how much they spend on benefits, the costs seem so astronomical that creating significant savings can seem impossible. The Society for Human Resource Management (SHRM) estimated last year that employers would spend an average of $14,800 per employee in 2019, and given how healthcare costs have steadily risen over recent years, this number isn’t likely to decrease any time soon.

A great advisor can help you find savings throughout your benefits plan, and even changes that seem small on the surface can lead to thousands of dollars in savings, opportunities for growth within your business and even increased employee satisfaction. Recently, one of my clients experienced this for themselves when they switched to a self-funding plan and saved big on just one employee’s prescription.

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

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

  • Critical 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 events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

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

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

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.