In 2014, 155 million Americans relied on private insurance for dental coverage. Of them, 92% relied on an employer or a group like the AARP to provide their insurance plan. Around 50 million people relied on public options like Medicaid or had individual plans.
If you’re a business owner, you know how important your company’s health plan is. It helps you recruit and keep top candidates and helps protect your employees if they become ill. Unfortunately, it has also become the second largest expense on your Income Statement, which is why it needs to be a strategic priority for your business.
With healthcare costs out of control, employers are paying a lot of money to keep their employees healthy. For some organizations, particular small and mid-sized businesses, offering traditional health insurance just isn’t possible due to the cost. Some employers that do currently offer traditional health insurance are also looking for ways to decrease the expense while still providing their employees with high-quality health benefits.