Tag: healthcare costs

Reducing Rising Healthcare Costs in 2025 | Pennsylvania Benefits Consultants

Healthcare costs are projected to rise significantly in 2025. To mitigate these increases, consider these tips: Know Your Plan: Take time to review what your health plan covers—and what it doesn’t—to avoid unexpected costs. Understand your health plan’s coverage, including deductibles, co-pays, and out-of-pocket maximums. Utilize In-Network Providers: Receiving care from out-of-network providers can dramatically … Continued

Benefits Insights: Key Drivers of 2025 Health Care Cost Increases | PA Benefits Firm

Health care expenses are expected to rise significantly in 2025, with projections indicating a 7%-8% increase. This aligns with similar trends in 2024, showcasing the cumulative impact of ongoing cost growth. Below are the primary drivers of these increases: GLP-1 Medications: Glucagon-like peptide-1 drugs typically require long-term use to deliver intended health benefits. Currently, 6% … Continued

Benefits 101: What Is a FSA? | Pennsylvania Benefits Group

When it comes to health insurance, there is a lot of jargon and plenty of acronyms. Many people have heard of FSAs, but may not actually know — what is a flexible spending account, exactly? If you have an employer-sponsored health plan, a flexible spending account (FSA) is often available as part of the benefits … Continued

Up and Away – Healthcare Costs Are Taking Off | FAIRMOUNT BENEFITS

Healthcare costs, and consequently employee health benefit costs, have been growing at an alarming rate in recent years. The U.S. as a nation spends more on health care than any other developed country but has worse health outcomes.  How is this possible? Four Key Factors Driving U.S. Healthcare Costs: Aging Population Healthcare gets more expensive … Continued

Healthcare 101: Back to Basics | FAIRMOUNT BENEFITS

Getting sick can be expensive.  Even minor illnesses and injuries can be very costly to diagnose and treat.  Health care coverage helps you get the care you need and protects you and your family financially if you get sick or injured. We’re breaking down the health insurance basics.  Because, when you understand it, you’re more … Continued

The Check is NOT in the Mail

The Reality of Health Care Budgeting Shortfalls and the Impact on Employers Now and in the Future

 

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