Employee Benefits Updates provided by Parker, Smith & Feek

HR Solutions for Rising Employer Healthcare Costs

These tumultuous times have left U.S. employers struggling with skyrocketing healthcare costs and an increasingly unsustainable burden on their employees. Inflation has driven up premiums, forcing workers to shoulder more of the cost-sharing burden, resulting in some becoming underinsured. This has left employers with limited options: they must either find cost-effective carriers and plans or risk drastically reducing their benefits, or worse, completely exiting the healthcare market.

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