Confused man surrounded by question marks Employees need comprehensive education about their plan to understand how they can get the most out of their benefits–and employers should have a pretty good understanding of how it works, too. (Photo: Shutterstock)

Traditional benefits plans have changed so little over the years that many business owners don't even realize that changing their plan is possible. Stagnant, overpriced benefits plans can cause employers to develop misconceptions about how to make their plan more efficient, resulting in uneducated or even unhappy employees and benefits plans with wasted potential.

Here are five of the most common misconceptions business owners have about their health care plans:

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1. “The insurer has my best interests in mind.”

Just because an insurer is working with you doesn't mean they're working for you. Misaligned incentives are a common factor driving up health insurance costs for employers. Insurers make more money as your premiums go up, so there's no real incentive for them to work to bring your costs down instead.

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