Affordable Health Benefits for Small to Mid-Size Employers
There’s been a steady increase in self-funded employer-sponsored health insurance plans over the past two decades. Why is that? Well, for starters, you can save 20% year over year on your healthcare spend. Saving that kind of money is an easy choice! If you are under the impression that the […]
61% of covered workers are now participating in self-funded plans, including 50% of firms with 200-999 employees. Why is self-funding the trend? Simply put: It saves you money. Health insurance premiums continue to rise, information as to why is limited and you may feel like you do not have any […]
By: Nate Szabo, Cost Containment Consultant High drug costs affect more than just the individuals filling their prescriptions each month. Employers offering private health insurance and benefits to their employees take on much of the expense associated with high pharmacy bills. In fact, over the last two years, prescription drugs […]
By: Book Chrobak, Health Analytics Manager As health prices continue to rise and health insurance premiums soar past inflation, Americans across the country are looking for new ways to save money on their healthcare. However, many individuals have no insight into the costs of treatment. Healthcare has historically held itself […]
By: Sue Russo, Underwriter With health insurance inflation rates skyrocketing and premiums escalating, American business owners have felt vulnerable to the mercy of the marketplace. Employers today are willing to try innovative new solutions in order to lower their healthcare spend and reduce costs for their employees. As in most […]
Health Insurance & Employee Engagement: A Cost Saving Opportunity The health insurance marketplace is doing a pretty good job of introducing new and more effective strategies to reign in the escalating cost of healthcare. A day does not go by where a company is not pitching a solution to control […]
Healthcare benefits are a top three-line item expense for most employers. Worse, they are ever increasing, often seeing yearly increases of 10% or more. Unfortunately, most employers believe there isn’t a viable alternative to those year-over-year increases or a way to help reign in health benefit spending. Here are four […]
Are you getting the most bang for your healthcare buck? Book Chrobak illustrates the perfect example that you don’t necessarily “get what you pay for” when it comes to medical care.
Written by Cindi Roberts, Stop Loss Claims Operations Manager Cost containment solutions fall into two broad categories – those focusing on reducing the price of health services and those focusing on reducing the frequency of health services. Many solutions addressing utilization concentrate on improving health so less health care is […]