Views 4 benefit trends to watch in 2021

The Society for Human Resource Management (SHRM) reports that health insurance premiums have grown by 54% over the last 11 years. Moreover, employees have shouldered 71% of the burden. Things have come to a breaking point at which both employers and employees can no longer afford rising premiums.

This suggests that employers will start looking for more innovative healthcare plans that allow them to better manage the rising cost of benefits. That might mean contracting directly with service providers specializing in areas, such as joint surgeries or cancer treatment. By contracting directly with the providers, employers can ensure excellent care is provided at a set, contracted rate. It might mean providing on-site primary care clinics or offering a health care plan with a narrow provider network to guide employees to lower-cost and higher-quality providers. Whatever the case, new healthcare plans appear to be on the horizon.