When it comes to benefits, employers are increasing plan options. Seventy-seven percent now offer an average of five health plan options between HDHPs and PPOs. Nearly two-thirds offer both an HSA and an FSA, according to a report by Benefit Focus.
After nearly two years of weighing the impacts of COVID-19 on health care costs and employee turnover, employers have limited out-of-pocket cost increases to two percent or less on average. Employers also picked up the five percent premium increase for individual PPOs.
As employees prioritize financial security, they are driving a shift in enrollment across PPOs and HDHPs and an increase in the adoption of voluntary benefits.
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