Policies implemented over the past three years empower fiduciaries to scrutinize and manage health care costs and regain control of the unsustainable cost burden weighing on employers and employees.
By taking decisive action and supporting employer groups in their pursuit of prudent fiduciary actions, benefits advisors can help reshape the health care ecosystem and ensure cost-effective, high-value care for all employers and employees.
Over the last two years, a compliance tidal wave has loomed over employers and their benefit advisors. The crest of this massive wave has begun to touch down upon fiduciaries of employer groups, so how can benefit advisors stay dry?
When employees consider their out-of-pocket costs for medical tests, procedures and prescription drugs, terms like "free" and "copay" obscure reality and result in bad choices.