Employees don't understand how their benefits work and are missing out on exactly the types of care that help safeguard their health and finances in the longer term.
The projected increase remains below the 8.3% CPI inflation rate. Small solace for plan sponsors seeking the ever-elusive predictable annual premium increase.
Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.
Administrative costs account for 15% to 30% of U.S. health care spending – and at least half of that spending is wasteful. Researchers note that not all administrative spending is wasteful, making a distinction between spending and waste.
By providing vision care and emphasizing its importance to employees, HR professionals and benefits providers can help employees save money on medical claim costs.