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Benefits Cost Containment Strategies

Most employers today are searching for ways to control their health benefit costs. According to Conrad Siegel Actuaries’ annual Medical and Prescription Drug survey, many are turning to consumer-directed health care and tightened spousal rules.

The survey revealed that employer premium sharing remains steady as a percentage of overall premiums, as employers change the benefit plan design instead of shifting more premium costs to employees. The average percentage of the medical premium that employees paid for single coverage in 2015 was 15% which has remained relatively constant over the past several years. The average premium share for family coverage was…

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