Jean Moore writes for Mercer Signal about the clout employers hold when it comes to employee healthcare purchasing, and how organizations can positively influence the future of healthcare.
According to Moore, there are four things companies can do to help reshape the benefits market:
Speaking especially to that last point, one highly effective change being made by many small- to mid-size organizations is the switch to self-insurance and partial self-insurance, both of which can create organizational savings and still provide employees with high-quality, affordable benefits for the long-term. Learn more about partially self-funding your healthcare program in our Quick Guide to Partial Self-Insurance:
The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a ‘covered opinion’ or other written tax advice and should not be relied upon for any purpose other than its intended purpose