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There is no doubt that health care is becoming more and more expensive to manage.

If your business is feeling the same pressure, but you’re trying to avoid burdening your employees too much with excessive health care costs or you’re worried about the backlash of employees quitting if you reduce health benefits, here are a few suggestions to help reduce your health insurance coverage costs this year:

  • Implement and reinforce wellness programs at your business. Starting a smoking cessation program, a lunch hour exercise program and providing healthy food in the cafeteria can all have a substantial impact.
  • Promote the use of generic prescription drug programs by changing the co-pay for generic versus name brand drugs.
  • Re-evaluate enrollment information at the beginning of every quarter. You may find employees enrolled in programs they don’t use, children enrolled that are no longer eligible or a spouse your employee has divorced, etc.

There are a variety of small but effective ways to change your overall health care costs each year. Looking for creative ways to cut the spending can keep your employees happy while reducing the excessive health care bills.

Want more information?
For other tips on ways to reduce your health care coverage costs, feel free to contact our independent insurance agents.