Though you may have a health insurance policy in place for your employees to ensure that they stay protected against possible illnesses and injuries, employees still delay medical care even when they have health insurance. The reason? High out-of-pocket expenses! Reports suggest that as compared to 1959, the average American is paying six times more for their health today than what they were paying 60 years ago. The increased health care costs originated at the provider, and later passed through insurance companies to employers, and finally—to employees. The result? High premiums! To cope with this tremendous financial burden, a lot of employers switched to affordable health plans in Escondido that have lower monthly premiums, but higher deductibles. However, this also doesn’t seem like solving the problem for employees as there is a huge gap between deductible increases and wage growth.
Employees are having a tough time deciding between physical health and financial health
Physical health is indeed very important for everyone but rising health insurance costs have seriously affected people’s financial health, as a result of what, employees are delaying their treatment and avoiding medications to “save”. The biggest problem caused by such behaviors is that they worsen health outcomes, dramatically increasing the cost of care. This is a major concern for employers who want a healthy workforce.
To help their employees manage out-of-pocket expenses while controlling health plan costs, employers can try a few things. They can-
- Contribute to HSAs and HRAs—tax-efficient ways to help employees with medical care expenses
- Buy supplemental and affordable health plans in San Marcos for employees, which can help them cover certain out-of-pocket expenses
- Adopt wellness benefits that reward healthy behavior
- Encourage employees to go for regular preventive check-ups to minimize the likelihood of a major health issue
As health care costs continue to rise, employers are searching for ways to control costs, while providing health insurance plans in Murrieta that employees can actually use. Insr4u, as your insurance broker, can help you figure out what’s right for you and your employees, so you can create a happier and healthier workforce. Get in touch with us today to discuss your best health insurance options in Temecula.
