Health benefits costs are almost certainly going to rise in 2021. They’ve been trending upward for years—over 50% in the last decade—and the current state of economic uncertainty over COVID-19 won’t slow things down. This article explores five cost-reduction strategies for employers.
Many people have postponed preventive care during the pandemic, waiting for a safer time to visit a doctor. That time may be coming soon, so employers should be ready for health claims to surge this year.
Open enrollment is the time of year reserved for you to make changes to your benefit elections, and unfamiliar terms can make this process confusing. Use these definitions of common open enrollment terms to help you navigate your benefits options.
According to an AMA study released in June 2019, the number of employed physicians now exceeds the number of self-employed physicians in the United States. This means that more physicians are entering into employment contracts than ever before. Doctors may dislike having to negotiate employment contracts, and for this reason may not closely examine some of the contract provisions.