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37 ways to lower your health care costs

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in HR Management,Human Resources,Leaders & Managers,Management Training,Performance Reviews


Average employer-paid health benefit costs have increased about 6% per year for the last five years. At least in the short term, the new health care reform law may make the problem even worse. All the more reason to act now to get your health care costs under control. Here are 37 strategies worth trying.

They're grouped in seven broad categories: Plan Design, Financing, Care Management, Vendor Management, Consumerism, Pharmacy and Retiree Benefits.



1. Move away from co-payments, toward "co-insurance." The insurer and the insured person share costs incurred after the deductible is met, according to a specific formula.

2. Tiered hospital coverage. Employees pay more to be treated at the best hospitals.

3. Salary-related contributions. Higher-paid employees pay higher deductibles, co-pays or premiums.

4. Benchmarking plan design. Compare your coverage against other organizations using surveys (Kaiser, Mercer, e...(register to read more)

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