Vol. 12 No. 50 - ISSN: 1533-3698 April 20, 2011
Dear People:
Are your benefits costs increasing? I'll bet that they are, and the uncertainty with the healthcare legislation makes employers and insurance companies uneasy. Consequently, several companies that I know received pricing that was a 37% increase over current year healthcare plans. With price increases such as these, even employers who have not shared healthcare costs with employees in the past are having to consider options to control their employee benefit costs.
Companies that value employees and want their employees to have benefits that they and their families need and want are turning to cafeteria plans, raising copays and educating employees about their benefits. Employees traditionally, severely underestimate what their benefits cost their employer, so I recommend education for employees about benefits first. When you need to change your benefits plans, talk to your employees all through the process. They need to understand the options that you considered to understand the choices that you ultimately make.
Do you know that I write a new blog post every day? Check out the blog in the center column on my home page.
Comments, questions, suggestions? Email Me.
Please forward this newsletter, in its entirety, to your colleagues, coworkers and friends, because you want to add value to their work and lives.
Regards and wishing you and yours the best this week,
Susan
