It’s no secret that employers continue to experience rising healthcare costs, which include both premiums as well as out-of-pocket costs for employees and dependents.
Due to COVID-19 which triggered delays in preventive and elective care, the initial projected cost increase per employee in 2020 (5%) will likely turn out to be lower than expected - but companies may face an even higher increase in 2021, as people resume receiving care. This lack of predictability in healthcare costs has many employers searching for new strategies to better manage costs.
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