Hidden no more. The Employers’ Forum of Indiana (EFI) is giving people a look behind the curtain at the reality of hospital costs in the United States.
What began as the first hospital price transparency study in the U.S., commissioned by EFI and conducted by RAND Corporation back in 2017, eventually became the foundation for the Employer Hospital Price Transparency Project.
Starting in July 2022, the nation’s three largest credit bureaus – Equifax, Experian and TransUnion – will be removing nearly 70% of medical debt in collections accounts from credit reports.
On April 12, 2022, True Captive Insurance will be hosting The Future of Business & Benefits – St. Louis event at Busch Stadium, where local business leaders will discuss employee healthcare trends, self-funding health plans and how to gain control of healthcare spend.
Companies enhancing patient access to care and lowering patient costs all while slashing their own costs? That’s what earns Health Plan Hero status.
According to a recent study, about 50% of employees are ‘concerned, anxious or fearful about their current financial well being’ and over 40% of employees are ‘looking to their employer for financial support’. Are your employees among those who are uneasy about their finances? Whether you like it or not, they’re looking to you for help. Even if your workforce is highly educated they still might have little to no personal financial acumen.
Today’s workforce is a growing mix of ages, ethnicities, financial states, and will soon span five generations. Between work and life, employees seek harmony and they increasingly expect their employers to keep up with current trends to provide solutions for their changing needs. According to MetLife’s annual study on benefit trends, 49% of employees are concerned, anxious or fearful about their current financial wellbeing. The traditional, one-size-fits-all approach to benefits is diluted in this evolving environment. Meeting the needs of employees across the spectrum may seem daunting but it is achievable and it doesn’t require busting the budget. Below are the four pillars of a modern benefit package:
