Case studies show how using pay-for-value strategies, improving quality of care efforts, personalized experiences and embracing disruption are providing cost savings for employers and employees alike.
Tag: employer health benefit costs
Employers are introducing more convenient and high-quality health care options.
A company of 10,000 employees could realize savings of more than $22 million annually by implementing a broad set of effective strategies and practices, according to Willis Towers Watson.
The effective date of the excise tax on high-cost health plans is now in 2022.
Modifying the definition of employer for these plans will help employers reduce health benefit administrative costs through economies of scale, the Department of Labor says.
The National Business Group on Health sees more traction in value purchasing, increasing employee consumerism and increasing employee engagement in resources offered to them.
Among large employers, those Gallagher identifies as best-in-class use proactive planning to spend less, while best-in-class mid-size employers rein in costs without shifting the burden to employees.
During open enrollment and beyond, employers’ and their advisers’ conversations about engagement in consumer-driven health care needs to change significantly.
Cost-shifting to employees is less utilized.