Man­ag­ing your ben­e­fits plan costs can be a quick fix, but should be a long-term strategy.

Accord­ing to the US Depart­ment of Labor, employ­ers spend more than 30% of pay­roll on employ­ee ben­e­fits, and every employ­er knows that this num­ber is grow­ing. As health care pre­mi­ums con­tin­ue to rise, employ­ers are strug­gling to find cre­ative, strate­gic ways to con­trol costs while main­tain­ing com­pet­i­tive ben­e­fits to attract and retain the best tal­ent. Tac­tics such as chang­ing car­ri­ers, slash­ing ben­e­fits and shift­ing costs to employ­ees pro­vide only short-term finan­cial results and neg­a­tive­ly impact employees.

Ana­lyz­ing health care costs and uti­liza­tion, and bet­ter under­stand­ing employ­ee needs, can help you tai­lor solu­tions and devel­op employ­ee incen­tives that reduce costs and slow increas­es over time.

As employ­ers become more lim­it­ed on cut­ting ben­e­fits and shift­ing costs to employ­ees, many look to health man­age­ment pro­grams that help employ­ees stay health­i­er and edu­cate them about how to use their resources more prudently.

Savvy employ­ees also turn to the most accu­rate bench­mark­ing data and trends avail­able to accu­rate­ly eval­u­ate costs, con­trast their cur­rent plan’s ben­e­fits against the com­pe­ti­tion by region, state, indus­try and size, then adjust their strat­e­gy accordingly.

We pro­vide exclu­sive access to the most com­pre­hen­sive bench­mark­ing sur­vey of ben­e­fit plan design and costs ever con­duct­ed- for employ­ers who want to be more informed and con­fi­dent in their ben­e­fit decisions.