Healthcare is a major expense for employers. With rising costs and changes in tax laws, employers and employees alike are taking ownership of their health. These costs will affect the overall financial picture of a small business. In addition to reviewing overall health plan benefits with insurance brokers, it may be wise to shop your company’s insurance program to other insurance brokers.
Many employers are asking employees to take a more active role in their health care by requiring blood work, verifying non-smoking habits and having employees and their spouse work with a health coach. Overall lifestyle changes can lead to lower medical costs and allow for a partnership between the employee and the employer.
These tips can help a business owner plan for the health reform 2014 requirements: