1. PREMIUM VALUE.
- Author
-
Pearse, Jim
- Subjects
HEALTH insurance premiums ,EMPLOYEE benefits ,MEDICAL care costs - Abstract
The article offers tips to employers on negotiating a benefits plan premium to help manage increasing healthcare costs. Group benefits costs in Canada accounted for an estimated 7.3% of payroll in 2006. The percentage of the premium that goes to pay claims may vary depending on the number of employees covered, benefits rates, how the plan is underwritten and other factors. Examine the claims experience to see what is driving cost increases.
- Published
- 2008