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Nonstop Wellness Blog

High-quality benefits for nonprofits.

Employers passing rising healthcare costs onto employees - Benefits News

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As the cost of providing employees with healthcare benefits rises (at an average of $500 per employee this year), many employers are choosing to push those costs onto employees in order to maintain budgets.

Read the full original article from Benefits News.

A report from SHRM (Society for Human Resource Management) details the ways that many companies are shifting more costs to employees, including moving to high deductible health plans (HDHPs). “HDHPs such as health savings accounts (HSAs) and health reimbursement arrangements (HRAs) are one way that employers are attempting to counter the high costs,” Evren Esen, director of workforce analytics at SHRM, says.

Employers don't need to shift costs onto employees to stay within budget. Partial-self insurance, an innovative healthcare benefits model, can save organizations a baseline of 12.5% on healthcare costs while also eliminating employee out-of-pocket expenses. Download the Nonstop Quick Guide to Partial Self-Insurance to learn more:

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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