In the race for today’s top talent, employers need to make benefits more attractive than ever, but rising health care costs can pose a significant burden.
Summary of the white paper
Employers are trying to balance how to provide the most compelling benefits possible to attract and retain talent, while managing costs and protecting the financial well-being of their organization.
That’s a tall order, given that health care coverage accounts for one-third of total employee compensation and cost increases show no signs of abating. The pipeline of very expensive new treatments will offer hope to many, but add financial hurdles to those responsible for the lion’s share of the spending, employer health plans.
Fortunately, for self-funded employers, it is possible to manage rising health care costs while ensuring quality care if they follow these four key strategies.
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QBE North America is a division of QBE Insurance Group Limited, one of the world’s largest insurance and reinsurance companies. We offer the unique integration of financial strength, broad product portfolio and sophisticated capabilities to deliver value to our partners and policyholders.