Employee health insurance is a great benefit and valuable asset for attracting and retaining quality talent. At the same time, health plan costs represent the second or third-highest expense item in most organizations’ budgets. This is clearly an area in which employers need to seize control by approaching health plan costs with the same type of analysis and planning as other major expenditures. However, many employers rely on outdated plans and no clear-cut strategy for their employee benefit plans. This has led to overpaying for healthcare. And, it has created the greatest of all healthcare misconceptions: that employers cannot do anything to control their health plan costs. This panel will examine common myths about health plan costs that are resulting in excess expenses for employers.
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