Employee Benefits International, a Phoenix-based insurance brokerage company specializing in helping companies deliver a better value in their employee benefit programs, is hosting an educational workshop for Valley employers on June 29, 2021. At the workshop, employers will learn about trends, solutions and top strategies for offering their employees better health insurance at a lower cost. Hosted in partnership with Bind, a revolutionizing health care provider that offers personalized, consumer-driven health benefits to corporations and local businesses across the U.S., the workshop will unveil Bind and its personalized health care plans to Arizona employers. The event is free and open to the business community.
“Better Health Care, Better Costs–Take Control of Your Company’s Health Care Benefits:” An Employer Workshop to Help Valley Companies Provide Better Health Insurance to Employees
Health Care in America costs businesses and consumers more than $3.5 trillion annually. This enormous expense is a significant cost burden for businesses and consumers alike. CFO’s rank this rising cost the most significant threat they face as businesses. This year due to COVID-19, total health care costs are projected to climb to an average of $15,500 per employee. That equates to $10,850 for employers, who pay roughly 70% of the costs, and $4,650 for employees. This is a 5% increase compared to 2020. By 2022, employer health costs are projected to rise 6.5% due to COVID-19, according to a report published by PricewaterhouseCooper.
With these projected cost increases on the horizon, it is more important than ever before for employers to play a more active role in the delivery of health care, with the ultimate goal of improving workforce health and managing their expenses—not only for their company, but for their employees, too.
To help Valley employers navigate the rising health care costs post-pandemic and provide competitive, cost-effective, and innovative health care benefits to their workforce, Employee Benefits International is hosting an educational workshop for Arizona businesses. The “Better Health Care, Better Costs–Take Control of Your Company’s Health Care Benefits” corporate workshop will be held June 29 from 8:00 a.m. – 11:00 a.m. at the Hotel Valley Ho in Scottsdale, Arizona. The event is free to attend and open to all Valley employers, business leaders, HR professionals and C-level executives.
At the event, attendees will learn top strategies and trends that reduce costs and deliver health care plans that attract and retain talent, breaking the status quo of traditional employer health insurance, including:
- Transforming Health Care Through Transparency in Contracts: Learn about costly contract provisions that deliver little value to your employees and how to eliminate them to save on your health care costs.
- Unmasking Provider Networks: What plan is best for your company? Learn the key differences in cost and structure between PPO, ACO, HMO and POS plans. Plus, the emerging trend of employers eliminating the PPO network altogether and/or supplementing with direct provider contracts.
- Wrangling Your Pharmacy Spend: Learn the top strategies for controlling pharmacy spend without sacrificing the quality of benefits and specialty medications to your employees.
- Consumer-Driven Health Care Without the Deductible: Learn about Bind, a revolutionary health plan that offers employees $0 Deductible, 0% coinsurance, and access to one of the largest national provider networks, all at savings to the employer and employees. Employers are saving an average of 19.7%, while reducing member cost-share in the process.
- Risk Management Matters: Learn various methods of plan funding and risk management, from fully insured to self-funding, traditional stop-loss to captives, and more.
Employee Benefits International (EBI) is a Phoenix-based insurance brokerage company that empowers businesses to take a proactive approach in developing employee benefits strategies, controlling associated costs, automating administration, ensuring proper compliance, and engaging employees. As one of the largest independently owned brokerage and consulting firms in Arizona specializing in employee benefits, Employee Benefits International seeks to advocate for the individual employee by providing options to employers to deliver better benefits at a lower cost. Using its deep knowledge, expertise and carrier relationships, EBI can reveal the predatory and outdated practices that many insurance brokers accept as the status quo. To learn more about Employee Benefits International and its services, please visit www.ebint.com
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