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Health care costs are rising, with 2025 expected to see a major increase. Instead of cutting benefits or shifting costs to employees, many employers are focusing on stabilizing coverage to attract talent and support employee wellbeing.
In his recent article, Chris O'Shea discussed some strategies employers are using to help avoid shifting costs onto their employees. To manage expenses, he explained how companies are investing in wellness programs, mental health resources, and telehealth while exploring flexible insurance models and cost-saving strategies. By balancing financial responsibility with employee needs, they aim to maintain competitive and sustainable benefits to help keep employees happy.
"Adjusting benefits or shifting financial responsibility onto employees could potentially decrease their job satisfaction, leading to absenteeism and higher turnover rates."
Interested in learning more? Check out the full BenefitsPRO article here.
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