The time has come for 2016 budget planning and, as always, the newest trends are driving decision making. One of the biggest areas experiencing significant change is employee benefits. The past few years have brought paramount changes in health care, benefit technology and workforce trends and they’ve all culminated to this moment. Here are five major benefit trends for 2016:
1) Consumerized health plans. Rising medical costs and (although delayed) the pending Cadillac tax have increased interest in consumer-driven health plans. Employers are starting to lean toward high-deductible health plans with HRAs or HSAs to help employees with out-of-pocket expenses that would help them keep costs down.
