For benefits brokers, recognizing and accepting change will be half of the battle. But once they can do that, the road is open to playing a significant part in this transition.
While less than half of large employers currently cover the new generation of obesity drugs, an additional 18% say they're considering adding them amid surging interest, according to findings from Mercer.
By tailoring your communications and education during open enrollment, you can help employees choose the benefits that will best meet their needs throughout the coming year.
Of course, there's no magic bullet when thinking through these challenges, but most industry experts have determined that a series of strategically placed interventions that are highly customized, thoughtfully executed, and carefully measured will provide the greatest chance of achieving success.
Too often, employers fail to think through the workforce implications of their plan designs and focus on cost, but neglect to what extent delayed retirements can greatly impact build-from-within management strategies.
For employers that set their employee premium costs last year right at the ACA affordability threshold, their plans will no longer be affordable if they charge employees the same amount in 2024 as they did in 2023.