Five Costly Mistakes Employers Make With Employee Health Benefits (And How to Fix Them)

Sponsored By Health Benefits Design Group

Topics:

Employee Benefits & Human Capital > Health Care

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Abstract:

Employers consider employee health benefits to be a painful but unavoidable cost of doing business. They feel trapped between needing to keep costs down and wanting to provide good benefits to employees.

However, employers can decrease their health care costs while improving employee health and satisfaction. In the process, productivity is also improved, as is the company's competitiveness.

This paper describes how most employers spend poorly on health care benefits. It points out how employers can redesign their employee health benefits to save dramatically without shifting costs to employees. Employee accountability is key. Recommendations are given for how to communicate with employees about taking personal responsibility for their health. The report provides information to use in educating decision-makers about why and how a change in the company's health benefits is necessary from a strategic business perspective, including how to become a new kind of Employer of Choice

DETAILS

Sponsored by: Health Benefits Design Group

Released: June 16, 2008

Length: 16 pages

Format: PDF (694 kb)

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