4 Keys to Providing Competitive Employee Health Benefits While Containing Costs
Employers are trying to balance how to provide the most compelling benefits possible to attract and retain talent, while also managing costs and protecting their organization’s financial well-being.
It’s a daunting challenge, considering that health care coverage accounts for one-third of total employee compensation and cost increases show no signs of slowing down. The pipeline of new, very expensive treatments will offer hope for many, but add financial hurdles to those responsible for the lion’s share of the expense, employer health plans.
Fortunately, for employers who self-fund their health plans, managing rising health care costs while ensuring quality care is possible if they follow the following four broad strategies.
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