The increases in health plan costs have been moderate – but they still can rise about 5 percent per year. Trying to keep benefits costs down while dealing with the uncertainties and complexities of the Affordable Care Act certainly has the potential to raise blood pressure.
Higher annual costs require tough choices and in-depth knowledge to craft employee benefits that reduce expenses but don’t alienate workers. In addition, political battles over the ACA will continue as more of the Act takes effect, creating ambiguity and ongoing challenges.
Sponsor’s Information: Learn more about how Starr Companies’ General Liability insurance can help reduce your employee benefits costs.