The insurance carrier-led status quo in employee benefits has produced an abysmal record of failure, with two decades of annual increases in healthcare costs causing annual increases in insurance premiums. But two big trends are disrupting both the benefits industry and healthcare — and it’s about time.
Innovative advisers are driving two disruptive benefits trends that both improve the quality of care and reduce year-over-year healthcare costs — by as much as 10-15% in the first plan year alone. With these next-generation plans, by year five many employers are paying as much as 40% less than with their status quo plan. Moreover, employees in these plans often pay zero out of pocket for their healthcare, with no deductible or co-insurance.
