Jellyvision’s Post

It’s no surprise that the skyrocketing costs of healthcare are impacting both employers and employees. Employee Benefit News' new report, The State of Healthcare 2024, reveals the challenges ahead. Insights include:   • 80% of benefit leaders have seen healthcare costs rise, with large employers experiencing the biggest increases. • Despite believing their workforce is healthy, 40% of employers have noticed higher sick day and medical leave usage. • Most employers are trying to control costs, but only 30% feel confident they can continue affording coverage.   These insights highlight the importance of proactive strategies, like conducting annual Health Risk Assessment campaigns. Data from company-wide HRAs can provide critical insights to your clients about their workforce’s health risks, guide needed benefit offerings, and identify cost-saving opportunities. #EmployeeBenefits #HRStrategies #HealthConnected

The two best takeaways from Jakob Emerson recent article on Direct Contracting: 1. The top three benefits employers believe comes through direct contracts: Better benefits (49%), controlling rising costs (47%), and improving care quality/employee health (37%). 4. Most employers (76%) said they expect cost savings of 6% to 20% through their direct contracts. The savings is likely understated. There is also the fact inflation is now tied to the providers "costs" which are likely less than 3%. The savings is compounded annually by avoiding leveraged trend. Oh yeah, and better benefits and improved outcomes/health.

In case you missed it... 😮 Healthcare costs for both employers and employees are set to increase in 2024. Aon predicts an 8.5% rise in employer healthcare expenses, pushing costs to over $15,000 per employee, nearly doubling last year's growth. Similarly, the Business Group on Health forecasts a 6% cost increase. Curious about what's driving these increases? Discover "The 4 Key Trends Driving Employer Healthcare Costs in 2024" on my blog. #EmployerHealthcareTrends #NSIGroup #NSIInsuranceGroup https://lnkd.in/ePatY-tA

Nearly 90% of employees use a Health Savings Account (HSA) match, which leads to higher balances and more savings. Employers can match a percentage or a dollar-for-dollar method for every dollar an employee contributes. This doubles worker savings. Automatic contributions take things further by automating regular contributions and streamlining savings. Learn more about HSAs in this blog from the HR pros at Insperity: https://lnkd.in/etZbqVWT. #EmployeeBenefits #Healthcare #HRThatMakesADifference https://lnkd.in/ed2qK48q

Nearly 90% of employees use a Health Savings Account (HSA) match, which leads to higher balances and more savings. Employers can match a percentage or a dollar-for-dollar method for every dollar an employee contributes. This doubles worker savings. Automatic contributions take things further by automating regular contributions and streamlining savings. Learn more about HSAs in this blog from the HR pros at Insperity: https://lnkd.in/gbuXMYQV. #EmployeeBenefits #Healthcare #HRThatMakesADifference https://lnkd.in/gcGF-Hgs

Nearly 90% of employees use a Health Savings Account (HSA) match, which leads to higher balances and more savings. Employers can match a percentage or a dollar-for-dollar method for every dollar an employee contributes. This doubles worker savings. Automatic contributions take things further by automating regular contributions and streamlining savings. Learn more about HSAs in this blog from the HR pros at Insperity: https://lnkd.in/eAmpMKpd. #EmployeeBenefits #Healthcare #HRThatMakesADifference https://lnkd.in/er5nDrSq

Nearly 90% of employees use a Health Savings Account (HSA) match, which leads to higher balances and more savings. Employers can match a percentage or a dollar-for-dollar method for every dollar an employee contributes. This doubles worker savings. Automatic contributions take things further by automating regular contributions and streamlining savings. Learn more about HSAs in this blog from the HR pros at Insperity: https://lnkd.in/gTwCZGJA. #EmployeeBenefits #Healthcare #HRThatMakesADifference https://lnkd.in/gK7qFYAa

🚀 Navigating 2024: A Market Outlook for Employers 🌐 As we turn the page on 2023, it's important for employers to reflect on the challenges faced in the last year. Rising healthcare costs, regulatory changes, high inflation, a competitive labor market, and growing employee demands were just a few of the hurdles that tested our resilience. To gain a competitive advantage, proactive preparation is key. Employers who learn from the past and act strategically will pave the way for success in 2024 and beyond. Let's tackle these challenges head-on: 🛠️ Healthcare Costs: Explore innovative solutions and employee wellness programs to manage rising healthcare expenses. 🛠️ Regulatory Changes: Stay informed and adapt swiftly to evolving regulations to ensure compliance and mitigate risks. 🛠️ Inflation: Develop cost-effective strategies and pricing models to navigate the impact of high inflation on operations. 🛠️ Labor Market Dynamics: Attract and retain top talent by understanding the dynamics of a competitive labor market. 🛠️ Employee Demands: Foster a culture of responsiveness to meet the evolving expectations of your workforce. 🔑 Proactive preparation is not just a strategy; it's a necessity in today's dynamic business landscape. Let's embrace the challenges of 2024 with resilience and innovation, setting the stage for success. #BusinessStrategy #MarketOutlook #EmployerSuccess #2024Challenges #ProactiveLeadership

Nearly 90% of employees use a Health Savings Account (HSA) match, which leads to higher balances and more savings. Employers can match a percentage or a dollar-for-dollar method for every dollar an employee contributes. This doubles worker savings. Automatic contributions take things further by automating regular contributions and streamlining savings. Learn more about HSAs in this blog from the HR pros at Insperity: https://lnkd.in/evXPt3QR. #EmployeeBenefits #Healthcare #HRThatMakesADifference https://lnkd.in/eEByRyfz

Nearly 90% of employees use a Health Savings Account (HSA) match, which leads to higher balances and more savings. Employers can match a percentage or a dollar-for-dollar method for every dollar an employee contributes. This doubles worker savings. Automatic contributions take things further by automating regular contributions and streamlining savings. Learn more about HSAs in this blog from the HR pros at Insperity: https://lnkd.in/gumK57hr. #EmployeeBenefits #Healthcare #HRThatMakesADifference https://lnkd.in/g3fqwbjz