How to keep employees’ rising health care costs in check

One of the most formidable challenges for businesses is balancing the needs of providing essential benefits against bottom-line expenditures.

By Sina Chehrazi | February 10, 2022 at 09:29 AM

Medical expenses are among the fastest rising costs affecting US households, with many Americans on track to pay half as much towards their health insurance as their mortgage in the next decade.

With deductibles rising faster than wage growth or inflation, certain fixtures of medical care such as accident coverage, hospital visits, and critical illness plans have begun to resemble “deductible insurance.” Instances where consumers once would have received financial lifelines to handle unforeseen medical events are now more likely to cost them out of pocket.

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Resource Center

Self-funded healthcare is a health plan strategy that offers a number of advantages to employers over fully insured health plans, including new opportunities for cost containment, increased transparency, greater flexibility and more control over health plan design--all of which are reviewed in this guide.

Guide

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