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Health Insurance formAlthough most of the employers surveyed said they plan to offer the same health care benefits in 2021 as they had this year, the full impact of the pandemic is not yet known.

The economic downturn that accompanied the COVID-19 pandemic is causing companies to take a new look at their benefit packages, a new study from Gallagher’s concludes. The “seller’s market” of employee benefits—which led U.S. employers to compete for talent by offering generous benefit packages, is changing rapidly, the report suggest, as companies balance the demand for benefits with new budgetary realities.

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