Employers are mainly taking a "wait and see" approach before making major changes to how they offer employee benefits, and most say they still feel it is important to continue to offer benefits to their workers even if distribution and delivery methods change, a recent survey reveals.
The Willis Group survey questioned over 1,000 employers, 62% of which employ 499 or fewer workers. In a summary of findings, Willis says nearly 75% report an increase in their health-plan costs from 2013 to 2014.
However, employers generally do not plan to respond by eliminating benefits. Willis says in a summary of the survey's findings, "Despite some highly visible reports in the media, employers generally do not plan to eliminate group medical benefits as a part of their compensation practices." Willis says over 60% rated "Moving away from benefit engagement" as "extremely unlikely," and another 17% rated it "somewhat unlikely."
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