How to Save Money and Offer Employees Better Coverage with Self-Insurance
When faced with the annual challenge of ever-increasing health insurance premiums, many employers succumb to what they feel is their only option: raising already-high employee deductibles to offset costs. Employers can’t keep doing this, especially in light of a survey by the Association of International Certified Professional Accountants that says 80% of workers would choose a lesser-paying job with good benefits over the same job with no benefits but 30% more salary. Providing better benefits is something employers simply have to do to stay competitive — but it isn’t always easy due to the high cost of status quo coverage options.
