Person on laptop surrounded by app icons Financial security is top of mind for many employees and is a big part of creating a positive long-term effect on their lives and well-being. (Photo: Shutterstock)

As health care and related core benefit costs increase, so does the financial squeeze on your company and your employees. Add to the mix a competitive job market, with unemployment holding steady at 3.8 percent, you’re faced to up the ante of your recruitment and hiring strategies. Now is definitely the time to embrace new, creative ways to get and keep that top talent through progressive benefits, while offsetting the rising cost of healthcare.

For the past six years the year-over-year increase in health care premiums has held steady at 5 percent, making the total increase 55 percent for average family premiums. Who can keep up with this? Health care costs are inflating faster than wages are growing and now represent 12 percent of total take home wages—that’s a 100 percent increase from 30 years ago.

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 © 2023 ALM Global, LLC. All Rights Reserved.