Today’s employees want it all – lower prescription drug costs, wellness programs, pet insurance, onsite acupuncture – and all at a fraction of the cost. However, with changing healthcare legislation and rising premiums, there’s a lot more to consider when selecting health insurance in the 21st Century. The following five articles explore these considerations, from the advantages of scrapping a fully-paid healthcare to educating consumers through a mobile app and showing both ends of the wellness program spectrum.


This Workplace Perk Is Slowly Going Extinct

Did you know employees are covering more of their health insurance premiums than in previous years? According to a study by the Henry J. Kaiser Family Foundation, workers with employer-sponsored health plans now contribute an average of 18% of the premium for single coverage and 29% of the premium for family coverage. Part of this move away from plush health benefits is due to the rising cost of medical care, which becomes a burden on corporations’ bottom lines. But, ditching fully paid health insurance also allows employers to tailor overall benefits to each employee better… [Read more]

How Health Insurance Can Help Attract Top Talent Without Breaking the Bank

Determining how to attract and retain top-tier talent is one task that can be uniquely challenging for small businesses, especially when competing against larger corporations that can afford to offer a full range of benefits and perks. Individual health plans give small business owners a powerful recruiting tool that helps entice prospects and keep them happy once hired. At the same time, existing employees… [Read more]

Employee Wellness Programs Not So Voluntary Anymore

Over the last few years, wellness programs have become a popular way for companies to curb rising health-care costs. Employers spent a record $693 per employee on such initiatives last year, up from $430 the previous year, according to data from Fidelity Investments. Yet, such programs tend to see results only over the long term. A seven-year study at PepsiCo found that participation was associated with lower health-care costs, but only after the… [Read more]

 Address HSA Misconceptions During Open Enrollment

“Selecting an HSA option with a high-deductible health plan can have a tremendous impact on a family’s financial well-being”—a positive one when the HSA is used appropriately—said Jason Cook, vice president and strategic business leader at WEX Health, a health-benefits IT firm in Chicago. “But the reality is most employees are not getting the message about the long-term savings power of an HSA and the financial impact of being a health care saver…” [Read more]

Picking The ‘Right’ Health Insurance Plan During Open Enrollment

Whether you’re a first-time health insurance buyer or this is your fifth time switching plans, it’s important to understand the differences in plan types and how specific benefits might impact your wallet. Your insurance selection will dictate which doctors and hospitals are in-network, which treatment plans and prescription drugs are covered and, ultimately, your out-of-pocket costs. Luckily, there are services like PolicyGenius that can help. The company just announced the launch of its new health insurance app… [Read more]