Tim Finnell, writing for the Memphis Daily News, takes a quick look at what employers can do to contain rising healthcare costs.
Read the full original article from Memphis Daily News.
"There is much debate about what our country should do to control cost and provide affordable insurance coverage to citizens. However, from a business owner’s standpoint, the question becomes: How can employers control their health care spend?" Finnell suggests a few options:
The return on investment for each of these strategies is different, but for partial self-insurance in particular the return can be quite large. Learn more about how organizations can provide excellent healthcare benefits while still saving a baseline of 12.5% on healthcare spend 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