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Loretta Metzger writes for Benefit News about the dramatic change in the healthcare benefits landscape in recent years. Costs are increasing exponentially, actual benefits are decreasing in quality, and employees are paying a greater share of premiums.
Read the full original article from Benefit News.
Metzger explains, "the onset of employer-sponsored health coverage a century ago was borne out of a need to stabilize a struggling economy and attract workers. Offering benefits instead of increasing wages allowed employers to boost compensation without the employee having to incur income or payroll taxes on those benefits." Now, rising healthcare costs are forcing employers to rethink how they offer benefits and who will pay for them.
Choosing an affordable and employee-friendly healthcare plan for your staff can be a daunting task, especially when there are so many options to choose from. Learn more about the different options available and their advantages and disadvantages in our guide, Best Practices for Employee Healthcare Purchasing:
