In the meantime, many are satisfied that qualified small employer health reimbursement arrangements (QSEHRAs) meet employees’ needs.
Tag: employer health care benefits
Starting next January, employers can give their workers tax-deferred funds to go shopping for a health plan, thanks to individual coverage health reimbursement arrangements.
"Our services have always met a fiduciary standard in principle and have enabled us to drive significant year-over-year savings for our clients, with an average savings of $1,650 per employee in 2018," says Eric Krieg, president of Risk International’s Employee Benefits Advisory division.
However, while 71% of employers see a positive impact on company health benefit costs from wellness programs, more than one-third say they do not offer these programs, the Transamerica Center for Health Studies found.
Mercer’s Vitals for Change framework calls on employer health plan sponsors to demand more for their employees and their families in four key areas that target systemic problems in the health care system and drive positive disruption and innovation.
Overall, approximately one-fifth of organizations have a restriction or other cost-saving measure in place for coverage of spouses and domestic partners, a survey from SHRM finds.
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.
Both solutions are designed to help employees choose the right benefits and health care delivery to lower costs for them and employers.
The initiative could ultimately benefit all Americans, Jamie Dimon, chairman and CEO of JPMorgan Chase says.
A survey also found employees have fears about potential changes to health care policy coming out of Washington.