3 Strategies for Managing Your Healthcare Costs

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Rising healthcare costs are consistently cited in ERC’s research as a top concern among employers in Northeast Ohio. Interestingly, data from sources ranging from local (ERC) to national (Kaiser Family Foundation) have shown more moderate percent increases in health insurance premiums in 2013. The reasons for these increases, no matter how large or small, are multi-faceted and difficult to measure, but for a glimpse at how many area organizations managing these increases, we turn to the 2013 ERC Wellness Practices Survey.

1) Empowering employees

Much like in 2011, when the Wellness Survey was last conducted, the 2013 results suggest that organizations are still largely focusing on methods of cost control that empower employees to make better decisions related to their overall health. In particular, the top two methods of cost control, “educating employees to be better health consumers” and “creating wellness programs” (both used by about two-thirds of employers) rely heavily on employees to make well informed choices. It is also worth noting that while both of these options rely heavily on employees, they also give employers the opportunity to influence and structure the various programs that fall under these categories in order to fit the organization’s workforce demographics and culture to maximize the effectiveness of the programs.
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