E-Guide: Managing Your Benefits Plan Costs Can Be a Quick Fix, But Should Be a Long-Term Strategy - Bim Group

E-Guide: Managing Your Benefits Plan Costs Can Be a Quick Fix, But Should Be a Long-Term Strategy

According to the U.S. Department of Labor, employers spend more than 30 percent of payroll on employee benefits — and every well-informed 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.

Download the full E-Guide

Questions? Contact us

 

How well do you think your organization proactively manages a long-term benefits cost strategy? 

Sign up below to download your free Scorecard. 

The Employer Benefit Cost Management Scorecard is specifically designed to help you identify ways to control benefit costs through strategic, data-driven methods.

Recent Insights

May 13, 2019
Compliance Alert

Compliance Recap – April 2019

April was a busy month in the employee benefits world. For a printable version of this blog, please click here. The Centers for Medicare & Medicare Services (CMS) issued its parameters for the defined standard Medicare Part D prescription drug benefit for 2020. In the court case challenging the Patient Protection and Affordable Care Act’s […]
Read more
May 8, 2019
KCIT, News

Introducing Best Doctors – Now Available to All KCIT Members!

All KCIT members now have access to the recently added Best Doctors solution! This is an extension of the HealthiestYou app already available to you free of charge as a member benefit. With Best Doctors you are able to have your medical case reviewed by the best specialists in the world without ever having to leave your home. With one central […]
Read more
May 8, 2019
Direct to Employer, News

Lexington Clinic Partners with Berea College

LEXINGTON, Ky. – May 8, 2019 – Lexington Clinic is pleased to announce Berea College has signed a multi-year, exclusive population health and premier provider network agreement with Lexington Clinic. With this agreement, approximately 1,200-1,300 members will become covered and gain affordable access to all Lexington Clinic offices and associate practices under Lexington Clinic’s award-winning […]
Read more
May 6, 2019
Association Health Plans, DOL, ERISA

Update on DOL’s Association Health Plans Final Rule

On April 26, 2019, the Department of Justice (DOJ) filed an appeal in the court case that recently invalidated portions of the U.S. Department of Labor’s June 2018 association health plan (AHP) final rule. The DOL’s final rule broadened the definition of “employer” under the Employee Retirement Income Security Act (ERISA) to allow an additional […]
Read more