Read the full original article from Benefits Pro.
Craver notes that "the cost of providing health coverage to the average U.S. employee rose nearly $500 over the past year" which means "employers are now spending an average of $8,669 annually for each worker they cover." This eats up, on average, 7.6% of employer budgets. Some employers are opting to shift out-of-pocket costs to employees, who feel like healthcare costs are so out of control that they honestly cannot afford coverage.
Employers can avoiding cost-shifting without giving up more of their budgets to healthcare benefits with an innovative new healthcare model, partial self-insurance. In fact, employers who switch to partial self-insurance with Nonstop Wellness save a baseline of 12.5% on healthcare spend. Learn more in Nonstop's Quick Guide to Partial Self-Insurance:
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