- Employers and employees are facing rising healthcare costs, with employers expected to see a 9% increase in costs and employees a 12% increase in out-of-pocket costs in 2011.
- Employees will need to use online tools and advisors to wisely spend their benefits dollars as costs increase. High-deductible health plans are also becoming more popular.
- Businessolver provides a single-source benefits enrollment solution created from a partnership between an insurance carrier, brokerage, and data integration company to simplify benefits enrollment for employers and employees.
3. 9% increase for employers1. Expected increase for health care costs for their workers in 2011.
4. 12% increase for employees1.Expected increase in employee out-of-pocket costs in 2011. 1. According to Hewitt Health Value Initiative™ database.
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6. 63% of brokers/consultants expect voluntary benefits participation to increase due to the state of the economy2.And 42% of employers agree.2. According to Prudential’s Fifth Annual Study of Employee Benefits: Today & Beyond.
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8. 14% enrolled in an HDHP in 20103. Representing 17.2 million adults ages 21–64 with private insurance.3. According to the Employee Benefit Research Institute’s 2010 EBRI/MGA Consumer Engagement in Health Care Survey.
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13. Transparent service. Each interaction with an employee (call, chat, email, etc.) is attached to the member record and available 24/7 for administrator review.
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