There were no doubt big changes in 2020 and 2021 with the way we work. Many employees are still dealing with remote work, managing children’s school schedules, or returning to the workplace. With these changing times, employers should consider new benefit offerings to attract and retain employees.
When families have changes in their lives, it’s important to consider how these changes may impact your employer-sponsored benefits. Some of these life-changes may allow you to add benefits and some life-changes may allow you to cancel benefits.
Health care premiums continue to rise, and employers are looking for innovative ways to curb costs. Self-funding of health insurance is common among large companies – those with at least a couple hundred employees. Yet, few smaller companies have had the opportunity to self-fund health care for their employees.