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Free Whitepaper: 7 Secrets to Lower Your Employee Benefits Cost This Year

Free Whitepaper: 7 Secrets to Lower Your Employee Benefits Cost This Year

As organizations look at budgets each year, one area that will undoubtedly undergo intense scrutiny is the cost of employee benefits. It is a particularly difficult item to manage due to the increasing cost and utilization of health care, not to mention compliance burdens. HR and finance managers need to take a long-term view and commit to developing a multi-year strategy instead of relying on short-term tactics to contain employee benefits costs.

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Once you have determined your overall cost savings goal, there are a number of ways to redefine the structure of your employee benefits plan to better manage costs. We will cover the following 7 strategies: High deductibles, Self-funding, Telehealth, Reference-based pricing, Voluntary benefits, Pharmacy benefits management, and Narrow networks.

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