Employees want benefits that extend beyond insurance, and it’s been well documented that millennials place more importance on the benefits. (Photo: Shutterstock)

In 2018, companies will face two significant challenges. First, health care costs will continue to skyrocket. Rising costs have already forced employers to look for alternate ways to offer health solutions that keep costs low — including offering only high-deductible plans and shifting more of the financial burden to employees.

Second, the idea of a health benefit is changing. Employees want benefits that extend beyond insurance, and it’s been well documented that millennials place more importance on the benefits offered by a company than other factors such as salary or stock options. As health care costs continue to rise and the definition of a health benefit expands, smart employers are getting ahead of the curve by adopting the following three practices. 

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.