By giving families access to additional beneficial resources and encouraging them to improve their holistic well-being, corporations can spend less money overall on emergencies and expensive treatments. (Photo: Shutterstock)
In the 2020 coverage year, Affordable Care Act marketplace premiums for private health insurance will be reduced by an average of four percent. In contrast, according to a survey conducted by the National Business Group, health care benefit costs are expected to rise by five percent in the new year. This cost increase will be shared by both employers and employees as there is not much room for additional cost-shifting.
Employers are stuck between providing quality and innovative benefits while staying fiscally responsible. It is no surprise that the human resources focus for organizations going into 2020 is going to be using outside-the-box strategies and tactics to lower health care costs.
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