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Will the cost-containment gains of the past few years be lost to the virus? Most brokers say the results will vary from industry to industry. (Photo: Getty)For more than a decade, employers have been searching for ways to reduce the ever-escalating cost of employee health insurance, while still offering a strong benefits package. By partnering with nontraditional brokers, many employers were making headway; some even began to spend less while offering more-comprehensive benefits. Then came the pandemic, and all bets were off.
COVID-19 pushed two major workforce trends into high gear: remote working and telemedicine. But it also added a new level of uncertainty to workforce management which, employers say, will be reflected in their benefits strategies for 2021 and beyond.
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Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
Product news from Elevate, Independence Blue Cross, MV Index Solutions, Northeast Business Group on Health, Ritholtz Wealth Management, Scribe, Securities Training Corporation.
The state says plans should hold patients harmless when directories provide incorrect network status information.
Employers relying on the promise of the vaccines to fully reopen will need to be ready to do what they can to keep our progress on track.
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