Insights

Resources for businesses navigating rising health care costs

February 1, 2024

Employer-sponsored health coverage is a pillar of the health care system in the United States. More than 180 million Americans get coverage through an employer. Business owners know that the health coverage they offer to their employees is essential for recruiting and retaining talent, and maintaining a healthy workforce.

In 2023, health insurance premiums reached $8,435 per year for an individual and $23,968 per year for family coverage. As these costs continue to rise, so does the challenge for small and mid-size businesses who are disproportionately impacted. Employers need to ensure they’re providing the coverage and access to high quality care their employees need, while realizing value for the money spent. Business owners and benefits managers need accurate information so they can make informed decisions about health insurance options, including finding ways to offer more affordable coverage and high-quality care to their employees.

Morgan Health has developed several resources to help small and mid-sized businesses navigate the challenges of rising health care costs so they can make the best choices for their business and their employees.

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