Health Insurance in 2018

In recent years, health insurance ranks in the top 3 for HR-related concerns; not just for employers but for employees as well. Everyone is worried about the future. As the ACA Healthcare Marketplace continues to disintegrate, another provider has announced they are leaving the Utah market. In this recent article on KSL, we learned that not only is Molina the latest casualty, but marketplace premiums are expected to increase by over 30% for 2018.

This creates an even greater argument for employers to offer a robust benefit package in order to be competitive in the job market. Fortunately, Utah has one of the strongest economies in the country, but this presents a unique challenge for employers who are looking to fill these positions with a qualified, savvy workforce. Although weekly massages, ping-pong tournaments, and fully stocked kitchens are nice perks, what employees really need is medical insurance. The truth is, when employees have benefits they see value in, they are more satisfied, miss fewer workdays, are less likely to quit and have a much higher commitment to meeting the company goals. Bottom line, they are more productive and the company makes more money.