2022 healthcare costs to increase 5.2% — your peers’ plan of action
Get ready to open your wallet like you used to when it comes to 2022 healthcare costs.
You’re staring down the prospect of a 5.2% hike next year. And that’s after companies factor in their cost management initiatives!
So finds a new survey by Willis Towers Watson.
Despite this return to pre-pandemic levels of hikes, 86% of your peers remain committed to keeping healthcare affordable for employees, especially their lowest wage earners.
Beating back 2022 healthcare costs
So how will they do it? They’ll tackle it on a variety of fronts: affordability, benefit design and network management.
Here’s what at least one in four companies is doing to contain costs — how does it compare to your strategy for 2022 healthcare costs?
- telebehavioral health services (89%)
- on-site/worksite health promotion activities (55%)
- centers of excellence within their health plans (48%)
- access to concierge services with integrated care management programs (31%)
- a narrow network of higher-quality and/or lower-cost providers (30%), and
- spousal surcharges when the working spouse has access to other coverage (25%).
- Share on
Free Training & Resources
Webinars
Provided by Yooz
Webinars
Provided by Yooz
Further Reading
Layoffs, inflation, AI … these are just some of the factors making employees feel more stressed about their jobs and career future. S...
While the IRS can assess penalties under the Affordable Care Act (ACA), it can’t issue the certifications required beforehand, a court ha...
What company wouldn’t opt for an employee benefit that helps new families out and pays for itself in various ways? A recent report on...
A new proposed rule from the Department of Labor’s Employee Benefits Security Administration outlines how 401(k) fiduciaries must assess ...
Finance rarely sees jury duty or bereavement as risk. They’re payroll line items. Until courts link them to USERRA military leave –...
With benefits costs climbing and new laws like SECURE 2.0 adding complexity, viewing employee benefits as a simple fixed cost is an outdate...
