Cost-saving levers for self-insured health plans

August 12, 2021

Diane Faulkner

As the Contributor. Diane Faulkner is a ghostwriter, editor, writer, and brand strategist based in Jacksonville, Florida. She specializes in all things business, with emphases in human resources, finance, and tech. Diane writes for trade and business journals, creates corporate content, and has ghostwritten four books. See her work at dianefaulkner.com.

This guide provides four strategies (plus pros and cons of each) to help your organization contain healthcare spending.

Healthcare utilization decreased in 2020 during the COVID-19 pandemic, yet healthcare remains the most expensive employee benefit for employers, and costs continue to rise for many. In fact, a 2021 survey from the Business Group on Health (BGH) projects an increase of anywhere between 5.3% and 6.1% in employer spend this year. That coverage comes at a cost of 8.2% of total compensation, according to the U.S. Bureau of Labor Statistics.

Employers can use a variety of tactics to drive savings for their healthcare plans while still offering a competitive benefits package to employees.

Download the eBook to explore:

Tactic 1: Sharing costs with employees
Tactic 2: Implementing creative health plan designs
Tactic 3: Preventing expensive health episodes
Tactic 4: Increasing utilization of your existing health benefits programs

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