Employer Healthcare Strategies

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Self-Funding 101: A Unique Solution for Employers of Every Size

Posted by Madeline Lippe on September 15, 2020

With the persistent rise in health care costs, U.S. employers of all sizes are focused on controlling costs while also making health care more affordable for employees.

Respondents to the 24th Annual Towers Watson Survey expect total health care costs (employer and employee) to rise 4.9% in 2020 after plan design changes, up nearly a full point from 4.0% in 2019. According to findings from the Towers Watson Financial Benchmarks Survey, the average cost of health care is $13,087 per employee per year (PEPY) in 2019 and is expected to rise to $13,728 in 2020. By point of comparison, the U.S. inflation rate is expected to average 1.8% in 2019 and to increase to 2.0% in 2020. Without plan changes, cost trend would be 5.0% in both 2019 and 2020.

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Post Topics Self-Insurance

5 Signs You Should Consider Self-Funding

Posted by Tatiana Spears on May 5, 2020

Do you wish you could design your own health plan? Do you want to improve employee health while reducing the cost of care? Then self-funding may be for you.

What exactly is self-funding? Instead of paying a premium to a commercial insurer, employers in a self-funded or “self-insured” health plan accept responsibility for the risk of health care for enrollees. You might be thinking, “How on earth is this a good idea?!” Don’t press the panic button just yet.

Self-funded plans are actually more cost-effective in the long run because expenses associated with a fully insured plan are eliminated and yes, there are smart ways to mitigate risk. In this setup, employers have more control over their health benefit program and have a direct impact in reducing the cost of care by improving employee health. Here are five signs that self-funded health plan might be right for you.

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Post Topics Self-Insurance

CareATC Now Offering COVID-19 Antibody Detection Testing Helping to Inform Return-to-Work Strategies

Posted by Kimberly Hutton on April 28, 2020

As employers are considering return-to-work plans, CareATC is leading the way by offering COVID-19 antibody testing to clients. 

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Post Topics COVID-19

How CareATC is Addressing COVID-19 Stress and Anxiety with Virtual Health Coaching and Direct-to-Home Prescription Delivery

Posted by Scott Strickland on April 21, 2020

Is COVID-19 worry and fear causing you stress and anxiety? You’re not alone. Experts have warned that many are likely to face poor mental health even after the Coronavirus pandemic has passed. 

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Post Topics COVID-19

The Doctor Will See You Now: CareATC Expanding Access to Care with Virtual Visits

Posted by Greg Bellomy on April 14, 2020

While the coronavirus is at the forefront of public health news, many patients still need access to acute care and support to manage chronic diseases. CareATC is meeting this need by extending hours and expanding access to primary care services with virtual visits 7 days a week from 7AM- 7PM CST. 

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Post Topics COVID-19, Company News

How Employers Can Get Ahead of the Coronavirus Curve

Posted by Kimberly Hutton on April 7, 2020

Employers around the country are looking for ways to mitigate the effects of the Coronavirus (COVID-19) pandemic. What if artificial intelligence can help?

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CareATC Launches COVID-19 Pop-Up Testing Sites for its Clients

Posted by Scott Strickland on April 1, 2020

Since mid-March, many of our south-east Florida, Dallas-Fort Worth, and Tulsa patients and clients have been able to be tested for COVID-19 at pop-up testing sites organized by CareATC.

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What to consider when you’re implementing an effective office wellness plan

Posted by Claire Johnson on February 21, 2019

 

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U.S. Employers Embrace Innovative Ways to Deliver Quality Healthcare

Posted by Claire Johnson on February 13, 2019

 

U.S. employers, both large and small, are embracing innovative ways to deliver quality healthcare benefits to their employees while simultaneously reducing costs and employee absenteeism. Telehealth is at the vanguard of this effort and is expected to be utilized by 96% of all large employers within the next five years.

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Audio Resource: The Business Case for On-Site and Shared-Site Clinics

Posted by Tatiana Spears on April 24, 2018

On-site clinics have long provided benefits to self-funded employers. Since the early 20th century, on-site clinics have provided employees with immediate access to care and significant health care savings for the employer. 

Today, when employers are asked how they plan to control health benefit cost over the long term, they talk about improving employee health through worksite clinics. Why? Well according to Mercer, 72% of employers offering worksite clinics say that managing employee health risk and chronic conditions are an important objective for the clinic. 

Large employers still dominate the worksite clinic scene, but a new model is emerging, empowering mid-sized and even small employers reap the benefits. 

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