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