Health plans need to gird for post-COVID surge in expenses

Published Updated 4 Min Read

Many health-plan sponsors have been seeing expenses drop amid the coronavirus pandemic, but employers should be girding for billing events to surge back over the next few years.

That means that the conventional modeling that many plans use to project future expenses — drawing on expenditures of the recent past — may not work anymore, according to Vickie Rice, vice president of strategic analytics with CareATC, a Tulsa, Okla.-based firm that partners with employers to keep health care costs down.

Kenneth Corbin
Contributing Writer

Kenneth Corbin is a Financial Planning contributing writer in Boston and Washington. Follow him on Twitter at @kecorb.


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form