The New Direction
With the rising costs of healthcare, today’s employers are revisiting how to best structure their group health plans. In 2016, the Affordable Care Act (ACA) took full effect. For many companies, health costs can consume up to 50% or more of corporate profits, which is why it’s important to find the best solution for your own particular business.
The health and wellbeing of your employees is a high priority. Think of all the indirect costs of poor health. Absences from work and decreased productivity can result in two to three times the amount of direct medical costs. 70-80% of these factors stem from modifiable lifestyle choices. For the benefit of your employees and your business, it’s time to make a change.
As fully insured carriers continue to increase premiums, more and more businesses are turning to self-funding to cost contain health spend. SimpleNext is the self-funded health insurance solution that consolidates health data, workers’ compensation data, services, technology and data science to engage your workforce for Total Workforce Health Management.