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Individuals need to be practically forced into understanding even simple concepts.
Employers who invest in their workers’ wellness will see returns beyond just a physically healthier employee.
Plans using a four-tier design increased from 17 percent to 25 percent from 2010 to 2011.
“Small business owners tend to change their insurance plans often, as they search for more affordable insurance. Not only does this switching impose costs on the businesses, but it also motivates insurers to take short-term approaches to health coverage for small businesses.”
This does not have to be the case at all. Small businesses don’t have to jump from plan to plan, leaving employees feeling uncertain and in a continual state of re-adjustment. Today, smaller employers have some options that weren’t available to them just a few years ago. A third-party administrator can help a small employer craft a health plan that fits their particular needs. And a self-funded plan is not stagnant. It can be altered to accommodate changes in a small employer’s work population, providing much-needed flexibility.
Do you need help figuring out just how you will provide health care coverage to your employees since costs are rising and laws are changing?
Deciding on a worksite wellness program, let alone finding a vision for it may sound like a daunting task.
“Employers have been careful not to shift premium costs to employees, but have decided that the better way to shift costs is to require those who use health care services to pay more.”
Small businesses continue to face steep challenges with health care premiums.
The new rules would allow employers to base their calculations on wages instead of income, ensuring a more accurate picture of affordability, the IRS stated.
