Experts predict healthcare premiums will continue to rise in 2014. According to the Kaiser/HRET Survey of Employer-Sponsored Health Benefits, 1999-2013, the average, annual cost for single coverage has gone up from $2,196 in 1999 to over $5,884 in 2013 – an increase of 168%. These increases are unsustainable. (Click HERE for the full report.)
Employers are asking for strategies to identify and reverse future risk as well as creative methods to reduce future cost trends and manage bottom line expenses.
We understand employee benefits are difficult, expensive, and heavily regulated. However, to recruit and retain key employees, competitive and affordable benefits are critical. At PayneWest Insurance, we navigate this environment and simplify the process for employers.
- We understand the need to control expenses through employee health and vendor management.
- We understand the need for choice.
- Our benefit teams are committed to long-term business relationships and benefit solutions.
- Our community, our colleagues, and our clients are always number one.