Premium Reducers: Restructuring Healthcare Benefits

Premium Reducers: Restructuring Healthcare Benefits

Your employees look to you to ensure they are getting the best healthcare at the lowest cost.

As a business owner or HR director, this means looking into every option, including restructuring benefits.

Here are some options that other companies facing the same challenge have implemented:

  • High-deductible health plans: With higher deductibles, insurance premiums are lower. This plan may help encourage employees to take better care of themselves to avoid out-of-pocket payments. 
  • Tiered contributions for dependents: When you adopt a tiered contribution system for dependents, your employees may reconsider adding a spouse who is on their own health plan through work. 
  • Modifying plan options: Some employers choose to share more of the cost of healthcare with their employees; others may reduce or change the healthcare plan to shift the cost of services to the employees who use them the most. 

To keep the quality in your healthcare plan, always choose one that includes Wilmington Health.