What’s on Your Employee Benefits Wish List?
For many people, the holiday season is a time to make wish lists. Kids have lists for Santa, teens create detailed documents complete with links to their dream purchases, and social media influencers propose wish lists for every kind of person (and pet) you can imagine.
So, what are employers wishing for? I connected with Nathan Cassin, our Director of Pharmacy, and Bill Magee, our Director of Actuary and Underwriting, to put together a wish list for the year ahead. Take a look and consider what you’d put on your employer wish list.
More Affordable Healthcare
We are wishing for more affordable healthcare, which includes lower deductibles, alternative network and payment options, and a better balance of cost sharing for employers and employees all contribute to our winter (and year-round) healthcare wishes.
Enhanced Clinical Care
Along with improving healthcare affordability, we’d love to see more people connecting with quality primary care providers, virtual care options beyond telemedicine, and additional support dedicated to cancer treatments and research.
We prescribe a healthy dose of transparency for pharmacy strategies:
- Clarifying the relationship between the employer and Pharmacy Benefit Manager (PBM)
- Improving understanding of the specialty drug biosimilar pipeline
- Finding ways to manage the increasing pharmacy spend
Better Employee Benefits and Wellbeing
What does better employee benefits and wellbeing look like? Generous time off, flexible work schedules, financial support for employees in tough situations, and making caregiving resources a priority all contribute to benefits packages that excite employees and create a caring work culture.
Turn Your Wish List Into Reality
At the end of the day, all of these wishes amount to two things: decreasing cost and increasing employee engagement with your benefits and workplace. Easier said than done, right?
Most of us learned early on in life that we can’t have everything we wish for, but the team at Holmes Murphy has helped make wishes like these come true. If you’re ready to learn more, connect with us today and let’s get started!
Published on: 11.27.23