Thursday, February 21, 2019

Mercer Suggests Actionable Strategies For 2020 Benefit Packages

As U.S. businesses mull over what to put into their 2020 health-care benefit packages and struggle with how best to manage high-cost claims and specialty pharmaceuticals, Mercer suggests drawing insights from its survey of employer-sponsored health plans.
Its survey points to employees' increasing enrollment in consumer directed health plans (CDHPs) and their interest in selecting from a full range of lean-to-rich benefit options. It also underscores how employers are taking steps to build a "culture of health" to attract, engage and retain workers, growing telehealth offerings, giving more types of network options at open enrollment, and encouraging employees' use of centers of excellence and specialty pharmacies.
In a webcast, Tracy Watts, senior partner and national health care reform leader at Mercer, described employers offering an expanded array of network options at open enrollment as "a trend that we're just getting started with."
During the webcast, Mercer consultants also noted that employers are adding voluntary benefits to make high-deductible plans an easier choice for workers. "Employers are seeing it works best when you bring added voluntary benefits and core benefits together," said Sander Domaszewicz, national practice leader for consumerism. In addition, employee turnover is lower among employers doing the most, and using best practices, to promote employees' well-being.
Managing benefit cost growth, rather than offering more attractive benefits, is most employers' top priority over the next few years, according to responses to a real-time question posed by Mercer during its webcast.

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