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
