As employers gird for tough times, they must adapt benefits programs to better withstand the downturn. Although no one can be certain where the economy is headed, it is important to anticipate some of the factors that may drive changes in employer benefits:
1. Growth in health care funding alternatives
Tired of escalating health care costs and facing difficult economic conditions, many companies are re-evaluating the conventional approach of fully insuring their employer-sponsored medical plans. One alternative, self-funded medical plans, is uniquely positioned to succeed as a health care solution in times of financial stress. [See Self-funding and stop-loss in a post-PPACA world]
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