| Many economists have suggested and recent | | | | also be required to increase their contribution |
| economic data indicates that the economy is | | | | amount. A vast majority of employees |
| steadily moving in the right direction. A | | | | understand the current strain facing employers. |
| combination of several factors has no doubt had | | | | Employees are particularly aware of the difficulties |
| a negative impact on the economy over the last | | | | faced by medium and small business owners.If |
| several years.The recent state of the economy, | | | | you find that plan changes are inevitable, several |
| combined with the increasing cost of healthcare, | | | | aspects are very important to pay attention to |
| has made it difficult for all size employers to | | | | when modifying your group health insurance |
| continue to offer the same level of employee | | | | coverage. Modify the parts of your plan that |
| benefits. In the case of health insurance, future | | | | provide a savings while having the least impact on |
| plan modifications may be necessary over the | | | | your employees. Make sure the changes are fair |
| next few years.After much consideration, these | | | | to both the employer and employee. Develop and |
| modifications may take the form of increasing | | | | execute a strategy that clearly communicates the |
| deductibles, out of pocket maximums, office visit | | | | plan changes as well as the reasons for the |
| copays, and prescription copays. Employees may | | | | changes. |