If an employer is spending an exorbitant amount on health insurance benefits, it makes it difficult to be generous with retirement benefits. Surveys show employers are becoming more innovative in plan designs and strategies in order to reign in health costs for both themselves and employees. Value-based care and specialty pharmacy strategies are just a couple of examples. Employers are still focusing on physical wellness programs, but looking for better ways to improve outcomes and engage employees. In addition, consumer-directed health plans (CDHPs) tied with health savings accounts (HSAs) can reduce costs for employers and provide employees with a bucket of savings for both current and future health care expenses. This week’s PLANSPONSOR Weekend newsletter focuses on the cost of health care.
Only 33% of employees surveyed by Maestro Health say they completely understand the health coverage offered through their employers, and 62% indicated they feel their employer does not serve as a resource for their health care-related questions.Read more >