In today's competitive job market companies can find it hard to afford to retain quality candidates. For nonprofits specifically, this is even more challenging. How can an organization that isn't self-funded offer benefits that will attract and retain highly skilled individuals? The answer to this lies in more substantial employee healthcare.
Image: Reader's Digest
Anthony Lopez writes for The Business Journals about the business owner's daunting task of navigating health insurance options, and how different options will affect their business.
This article by Leslie Small for Fierce Healthcare discusses what employers are doing to counter the predicted 5% increase in heathcare benefits costs over the next year.
PSI – shorthand for partial self-insurance– is a highly effective way for nonprofits to provide employees with access to quality, affordable health insurance without eating away at fragile budgets. But many organizations, stuck in the staid method of traditional fully-funded insurance, likely haven’t been exposed to PSI. This could be due to myriad factors, including a lack of willingness on their broker’s part to explore alternatives because of the high commissions earned from some fully funded plans (e.g. lower deductible/higher premium plans).
This article by Katie Kuehner-Herbert for Benefits Pro discusses how many Americans - even those with insurance - are skipping doctor's visits because of high out-of-pocket costs.
Image: SHRM
Todd Hixton, contributor for Forbes, takes a look at how small businesses are faring under the uncertainty of healthcare these days. He poses the question, "What health benefit strategy makes sense for small businesses until the direction of the new administration becomes clear?"
Jean Moore writes for Mercer Signal about the clout employers hold when it comes to employee healthcare purchasing, and how organizations can positively influence the future of healthcare.
In this article, Paul Johnson writes for Employee Benefit Advisor about self-insurance as a solution to rising healthcare costs and a stable solution regardless of ACA outcomes.
Paul Johnson writes for Benefits Pro about the search for new and innovative healthcare solutions to better suit small and midsize workplaces.
Raymond DePaola writes for Benefit News about how self-funding beats traditional coverage in lowering or containing prescription drug costs.
