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Forecasting Future Health Care Costs: What Brokers Can Do to Prepare for the Next Disruption

After 2020, there was a realization in the benefits world that the more things change, the more they stay the same. Employers are still managing a diverse and multigenerational workforce, employees are still looking for more options in their benefits, and employers must meet those expectations with innovative solutions. In short, employers still want to control health care costs while strategically designing a comprehensive benefits package.

Data as a Differentiator.

To even begin to take a step forward in their effort, employers are looking to brokers and advisors for guidance to address what seem like simple questions:

What did they previously spend on health care?
What will the spend on health care? How can they control costs?
Where do they look and how do they find these answers?
How does the onset and fallout of COVID-19 impact all of this?

Powerful Tools. Strategic Partnerships.

Brokers must now have the tools to help employers navigate their own data and read the signs: cost drivers, employee plan selection and utilization, chronic condition compliance, plan performance, etc. And brokers must consider ways to strengthen their own partnerships with their employer clients. What are you doing now to support and prepare your clients? How are you informing health plan strategy and providing actionable insight, especially in times of upheaval?

In the recent webinar, Forecasting Future Health Care Costs, we talk to Amanda Johnson, who leads the Benefitplace Health Insights customer success team for brokers, and get an inside look at how this solution is taking the guesswork out of plan design. Watch and learn how the right data and tools will empower you to deliver more value to customers by:

Pairing in-depth analysis of employee health claims data with plan utilization insights
Projecting the impact of health plan changes
Informing and driving employer health plan strategy
Providing stability and support for employers and their employees
And, more!

Now is the time to re-evaluate your own strategy and prepare yourself for the unknown. Make sure you have the tools and insights that you need to guide and support your employer customers when the next disruption occurs.

Speak to a Benefitfocus specialist about what you can do to be ready for the unknown.

About the Author

Matt is a Content Marketing Manager at Benefitfocus. He came to Benefitfocus with 10 years of clinical experience, in both Primary and Specialty Care, and developed a unique specialty at the crossroads of data based health analytics and individual provider and member health and wellness initiatives as an Health Insights Customer Success Manager. Matt joined the Content Marketing team in 2020 where his focus is to use his experience to develop insightful and impactful resources for health benefits leaders to help them navigate an evolving and increasingly complex landscape. Matt holds a Bachelor's degree in English from The Ohio State University and a Master's degree in English from The Citadel Graduate College.

Profile Photo of Matthew Orosz