Employers Anticipate 5.4% Increase in Health Benefit Expenses for 2024 | |
Employers are expecting health benefit costs to climb about 5.4% per employee next year. That’s what a recent sneak peek from Mercer’s 2023 national survey is hinting at. Why the hike? Well, blame it on the high inflation and the ongoing labor shortages causing a stir. Looks like the predicted increase for 2024 is higher than what we’ve seen in the past decade. Before this, it averaged around 3% to 4%. Employers are stuck in a tough spot, trying to beef up benefit plans without breaking the bank. According to the survey, if they hadn’t been trying to cut costs, health benefits for the main medical plans would skyrocket by an average of 6.6%. | |
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Target State: All States Target City : Florida City Last Update : 20 January 2025 5:52 PM Number of Views: 6 | Item Owner : hroutlook Contact Email: Contact Phone: + 1 (315) 6664984 |
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