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From finding the right health insurance broker, to identifying new ways to keep costs predictable, there are ways small and mid-sized businesses can mitigate the rising cost of health care. Read more from Dan Mendelson and Christopher Wheat in RealClearHealth on the findings of recent research from the JPMorganChase Institute. #smallbusiness
Less than a few days away! We hope you will be joining us at HR Florida Conference & Expo in Orlando. Join us at Booth #431 and speak to one of our experts on how Centivo’s plan design makes it easier for members to get the care they need quickly and affordably. From no deductibles to free primary care, everything is straightforward, easy to understand, and affordable for both employees and employers. #HRFL24!
The latest Gallup-West Health Affordability indices reports are out, shedding light on Americans' perceptions of healthcare affordability and value since 2021. Here are some key takeaways - but check out the whole report here: https://hubs.ly/Q02LKczQ0 🏥 Cost Secure: The percentage of Americans classified as Cost Secure (no recent occurrences of being unable to afford care or prescription medicine) has decreased to 55% since 2022, with a significant drop among those aged 65 and older. A record low point for cost security across all age groups. 💡 High Perceived Value: Only 6% of Americans fall into the High Perceived Value category - meaning they report that their last healthcare visit was worth the cost and they believe they are paying the right amount for the quality of care they receive. #HealthcareAffordability #HealthcareValue #HealthcareCosts
Just one week away! Will you be joining us at HR Florida Conference & Expo in Orlando this year? Stop by Booth #431 and learn more about Centivo’s innovative health plan for self-funded employers founded on the belief that everyone deserves quality care at a price they can afford. #HRFL24!
$125,340 lost per family to healthcare premiums. Imagine the impact of these lost earnings on a family's life plans—money that could have gone towards education, housing, or retirement. As benefits leaders and advisors, it’s our responsibility to turn this around and offer health care solutions that genuinely aid employees' financial and physical well-being. Dive into our report to learn how you can make a real difference. Breaking Down & Through Healthcare's Affordability & Access Crisis https://hubs.li/Q02Kcdfs0
At the very least, employees should be able to use their health plan to get the care they need. Unfortunately, this baseline expectation is often not met, and employees and their families are foregoing care due to cost. Employers are either not aware of this divide or struggle to bridge it while balancing cost and care. Addressing the challenge on behalf of their employees means facing it head-on. As Centivo CEO, Ashok Subramanian says in the article below from EBN: "People are yearning for change, the more employers start to realize that gap in satisfaction, the more likely they are to embrace new approaches to their healthcare." https://hubs.li/Q02L6SQn0
🏌️♂️⛳ Calling all golf enthusiasts in Wisconsin! It's that time of year again - the 7th annual Business Health Care Group golf outing is just around the corner!🌟 Join us this Thursday, 8/15, at 11 am (9:30 registration time) for a day of fun on the green, all for a great cause. Proceeds from the event will benefit the Sojourner Family Peace Center, helping to support families in need. Spots are filling up fast and registration closes Tuesday 8/13 at noon, so be sure to secure your spot by registering below. Don't miss out on the chance to enjoy a beautiful day of golf while making a difference in our community. See you on the course! 🏌️♀️✨ #GolfOuting #SupportLocal #CommunityEvent #Wisconsin https://hubs.li/Q02K_lB-0
It’s a tough reality facing many employers: despite best efforts, a significant number of workers earning less than $50k a year are still left behind in our healthcare system. 43% of these workers skip needed care because of the cost, 32% find routine bills unaffordable, and 21% misuse emergency services for basic needs. This isn't just a gap; it's a chasm. As employers, we have the power and responsibility to bridge this divide. How can we reshape our benefits to truly cater to every member of our workforce, especially the most vulnerable? Explore our report to learn how innovative benefit designs can create healthier outcomes for all your employees. Dive in and be the change. Breaking Down & Through Healthcare's Affordability & Access Crisis https://hubs.li/Q02Kcckt0
Despite employers’ best efforts to manage rising healthcare costs, are employees truly reaping the benefits? Employers, it’s time for a gut check. Many employers believe their health plans are more effective than employees feel they are. It’s a challenging revelation, especially when you’re working hard to balance costs and care. · Are your initiatives in mental and physical health truly felt by your team? · Is the financial relief from your plans reaching every desk? The data shows how wide the gap can be between employer efforts and employee experiences. It’s not just about cost control—it’s about true benefit. Don’t settle for assumptions; ensure your strategies are genuinely effective and appreciated. Dive deeper into the data and discover ways to align with your employees’ true experiences, download our report here. https://hubs.li/Q02JQF8q0
