Managing costs is a cornerstone of a good benefits plan strategy. But jumping to the lowest cost benefit plan doesn’t always make sense in the long run.
Why leaping to save on benefits premiums may cost employers
It seems to happen a lot. Seemingly daily, someone will say they can save a plan sponsor money on its group benefits plan. My not-so-subtle reply is usually, “Another great deal, eh?” “Based on what?” I then ask. I always know the answer because saving on premiums is the easiest way to get someone’s attention.
