With health care costs expected to increase by 6.5% this year alone, more employers than ever are turning to point solutions to address rising costs. These point solutions are a convenient way — often an app or digital tool — for brokers and employers to fill gaps in the benefits they offer. In fact, point solutions are becoming a foundational component in many benefit strategies, with 50% of organizations offering between four and nine solutions.
As a result of the rapid growth and innovation in this space, thousands of new vendors have entered the employee benefit point solution marketplace in the past decade.
And with cost containment at the top of every employer's mind this year, it's more important than ever to vet these solutions. Doing so will allow you to understand their capabilities and how they can positively impact your clients' benefit strategies.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
