Managing the cost of employer-based health benefits

Managing health benefit spend in today’s complex marketplace requires consistency, resourcefulness, and knowledge. Given the rising costs of employer-based health benefits, this already difficult task can start to feel overwhelming.

The financial risks associated with offering a health benefit plan can’t be entirely eradicated. But there are many proactive steps plan sponsors can take to optimize their approaches to health benefits. By taking advantage of available expertise, research-based insights, analytics, and communications, plan sponsors of all sizes can keep costs low and get the most out of their plans.

In this paper, Milliman’s Robert Schmidt discusses five ways that plan sponsors can manage their health benefit spend.

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