Primary concern for employers is managing the economic impacts of inflation and providing employees the benefits they need to withstand rough economic times. Many employers have adopted specific practices that address health care utilization and offer benefits plans that attract and retain high quality employees.

Preferred Provider Organization (PPO) plans are growing in popularity, as companies look to remove as many barriers to primary care as possible, according to the 2023 Healthcare and Employee Benefits Benchmarking ReportTo contrast, high-deductible health plans (HDHP’s) have declined in popularity. With a lower monthly premium and a higher deductible, the survey found only 29% of participants offer HDHP’s.

As pharmacy prices follow the upward rising trend, more than half of employer respondents confirmed that they offer four or more tiers within their pharmacy plans. The survey noted that the vast majority of plans (87%) do not cover “new” drug therapies.

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

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

  • Critical BenefitsPRO.com 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 BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

BenefitsPRO Broker Expo 2024Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO Broker Expo 2024Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

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

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

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.