PROBLEM

Administrators annually face a complex financial balancing act. Rising healthcare costs, providing quality benefits and maintaining tight budgetary limits and constraints to name few.

 

For the financial stability of the organization these all have to be addressed and tough decisions need to be made. Many administrators try to solve this budgetary puzzle through old, status quo methodologies like stripping benefits from health plans, increasing health plan deductibles and raising insured’s out of pocket costs.

 

When these strategies are followed, they pass on hidden costs to employees and staff members. In an attempt to keep the organization’s healthcare costs modestly level, leaders inadvertently have created an affordability crisis.

 

Employees no longer can afford to seek medical treatment due to their financial inability to pay these higher out-of-pocket costs.