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Managing Employee Healthcare Costs in 2021

Best Money Moves

Managing employee healthcare costs in 2021. What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. The average family premium has increased 55 percent since 2010 and 22 percent since 2015. Managing Employee Healthcare Costs in 2021.

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Download our HR Pain Points and Challenges eBook

Benefit Resource Inc.

The number one priority for HR teams is undoubtedly “Managing Cost Increases” Despite implementing many cost-curbing measures, premiums have gone up an average of 49% over the past seven years. Managing cost increases can be challenging, but the underlying health plan will often be the key to reducing your costs.

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Final Rule Issued Allowing Increased Flexibility for Grandfathered Health Plans

AssuredPartners

For example, grandfathered plans do not have to cover essential health benefits, can choose to be exempt from covering certain preventive services (including women’s contraceptives) without employee cost-sharing, and are not constrained by the ACA provisions on limiting annual out-of-pocket costs for employees.