Healthcare premiums are increasingly putting more and more of a financial squeeze on employers and their employees. It’s clear that proactive actions need to be taken as the rising healthcare cost train is not going to be slowing down anytime in the foreseeable future. Indeed, there is no magic pill to swallow to expel this money-destroying virus, but there are several measures each of us can take that when tallied up, can get health expenses into a manageable state. Forbes suggests 10 Ways Employees Can Beat Rising Healthcare Costs that could provide some relief. Here are a few of those recommendations:
Just because you selected a particular plan last year, doesn’t mean it’s the right choice for the next. Similarly, it might make fiscal sense to spread your family around to different plans if certain plans excel in different areas.
Examine the Medication Benefits
Restricting which meds are covered is growing in popularity as employers look to share rate increases with their employees. Be sure to incorporate your medication needs into your plan and tier selecting process.
Manage Your Health Online
Web-based platforms are a great way to stay on top of your health. They make it easier to locate lower cost providers, monitor account balances, and keep your records effortlessly accessible to you.
See if a Wellness Program or Incentives Are Offered
The most effective way to reduce healthcare costs is to stay healthy. Wellness programs sometimes offer financial kickbacks for maintaining certain health marks or reaching various goals.
So what’s the easiest way to implement some of these cost-cutting measures? The OMNIA Partners health insurance and wellness category offerings have you covered.