Healthcare benefits are more complex than ever, and when employees struggle to navigate them, costs can skyrocket. Employers are now investing in benefits navigation solutions to drive smarter healthcare decisions and reduce unnecessary spending.
As Alon Sendowski, Director of Benefits and Stock Plan Operations at SiriusXM, shared in Modern Healthcare:
“I’d say 95% of the people engaging in our benefits are not really skewing our numbers in a negative way. It’s really those one-offs that incur maybe a million dollars of claims, so if we could even avoid just one of those, we make money on this transaction.”
With employer health benefit spending projected to rise again in 2025, companies are looking for solutions that ensure employees have the tools they need to make informed decisions about their care.
As Modern Healthcare reports, the ability to steer employees toward cost-optimized care opportunities is becoming essential for organizations looking to control healthcare spending while improving benefits utilization.
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