For employers, looking beyond immediate cost savings and understanding the value of investing in robust health care solutions can lead to reduced absenteeism, increased productivity, and overall employee satisfaction and retention. It can also help employers save money. But ultimately, your work as advisors can help Americans live healthier lives. Key steps that benefit advisors can take to support transformative change include:

Evaluating provider networks: Select health care providers and networks that prioritize preventive care, chronic disease management, and patient-centered approaches.
Implementing value-based care models: Shift from fee-for-service models to value-based care, where providers are rewarded for improving patient health outcomes. Encourage partnerships with accountable care organizations (ACOs) that focus on coordinated and integrated care.
Creating personalized health plans: Develop customized health plans tailored to the unique needs and conditions of each employee, enhancing the relevance and effectiveness of care.
Encouraging employee engagement: Foster a culture of health within the organization by encouraging employees to take an active role in their health and wellbeing. Offer incentives for participation in wellness programs, health assessments, and lifestyle improvement initiatives.

Some of America's largest employers have come together with the collective goal of improving people's lives and making health care more affordable to prove that taking these steps can result in significant cost savings and better outcomes. The result? They have illustrated the tremendous impact that aligning benefit plans and provider incentives have in improving access and affordability of care – and collectively they have saved over $1 billion annually.

Instant Insights /

4 ways advisors can support transformative health coverage changes

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