Tag: Healthcare Costs

How HR Can Lower Healthcare Costs Without Reducing Coverage

Large employers currently pay about $500 more in healthcare costs per employee than they did just a year ago—money every company would love to have back. With healthcare costs increasing yearly, many HR departments are struggling to contain healthcare spending, which has become the largest cost to many companies outside of payroll.

healthcare

Help Cut Healthcare Costs in 2019 with These Benefit Communications Best Practices

Managing healthcare costs has been at the top of most HR professionals’ (pro) to-do lists for the better part of the past decade, as medical costs continue to rise. With the onset of 2019, the New Year presents the opportunity to make it happen. Fifty-two percent of U.S. consumers have low healthcare system literacy, according […]

Millennials Often Underestimate Healthcare Costs

Aflac, a provider of voluntary insurance, announced results from the 2016 Aflac WorkForces Report, revealing how Millennials are more likely to embrace a nontraditional approach to pay their medical expenses compared to older generations. They also are more likely than non-Millennial generations to regularly underestimate the total cost of healthcare issues.

Global Healthcare Benefit Costs Trending Higher

The cost of employee healthcare benefits around the globe is trending higher, driven largely by the higher cost of hospital and inpatient services, medical technology, and the overuse of services, according to a survey of medical insurers by Willis Towers Watson, a global advisory, broking, and solutions company. The Willis Towers Watson Global Medical Trends […]

Paying for Health Costs: Basics of the Reimbursement Alphabet Soup

As healthcare costs continue to rise, financial pressure does, too. Your employees are feeling it, especially if you’ve had to shift an increasing share of healthcare costs to them. Higher copays and coinsurance may help control premiums, but they do nothing to rein in employee out-of-pocket costs. To the contrary, in fact.