Articles for October 2018

Why Is Changing Healthcare Plans So Scary?

October 30th, 2018

You’re in a quandary.

The economy is booming, but good talent is hard to find.  You know that the #1 benefits employees look for is a robust employer health plan.

According to a new study by the Kaiser Family Foundation, healthcare premiums have been rising 5% or more per year with deductibles rising 8 times faster than workers’ wages.  As an executive, can you keep increasing employee deductibles and raising their premiums to meet your profitability targets?

Soon, you’ll be meeting with your insurance broker, reviewing how much of an increase you’ll have to pay this year.  After the broker leaves, you fear the inevitable – a serious discussion with your HR Manager and/or CFO, and you will all need to ask yourselves some scary questions around changing your healthcare plan:…
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