3 Steps to Find Out How Much Your School Will Save on Employee Health Benefits
There’s new urgency in finding ways to cut spending at higher education institutions and secondary schools. Compensation and benefits generally comprise at least 60% of a school’s budget; finding ways to reduce employee health insurance costs is an effective strategy for containing costs without sacrificing the quality of your benefits package.
edHEALTH’s group purchasing power can generate significant savings on three key components of your employee healthcare benefit costs:
- Stop-loss coverage
- Administrative fees
- Prescription drug benefits
“If schools want to evaluate the savings they will realize by joining edHEALTH on January 1, we encourage them to start the process in June,” said Nancy McConaghy, edHEALTH’s Business Development Executive.