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Traditionally employers would control health care costs by moving deductibles up, maybe some max out-of-pocket increases, perhaps even offer a Health Savings Account plan (HSAs). Over time, all this did was delay the next increase. What did it solve?
What is your next move for 2019? How much higher can you increase the expenses for your employees? Even by increasing the out-of-pocket costs, you don't off-set enough premium savings to help contribute to the higher out-of-pocket costs for your employees.
It's like a game of chess. Even if you try to make a move, the insurance companies are already two moves ahead of you. Checkmate anyone?
What if you were able to get tools to help control more of the cost that wasn't the traditional way of increasing the cost to your employees? How about alternative funding ideas that can show you real claim data to combat some of the costs?
Does your broker even show you the commission they make on the contract just to delay the increase until the following year? You could be in for a surprise.
What is your 2019 strategy to combat another increase in premiums?