If you find that plan changes are inevitable, several aspects are very important to pay attention to when modifying your group health insurance coverage. Modify parts of your plan that provide a savings while having least impact on your employees. Make sure changes are fair to both employer and employee. Develop and execute a strategy that clearly communicates plan changes as well as reasons for changes.

When outlook for your business does improve, your organization’s ability to capitalize will greatly be dependent on your ability to attract and retain productive employees during difficult economic times.

3) Prescription drug coverage. Rx plans that encourage use of generics and require mandatory mail order for maintenance medications are an efficient use of your benefit dollars.

4) Encourage wellness. What is old saying? An ounce of prevention is worth a pound of gain.

5) Consumerism. Access to tools necessary to be a “good” healthcare consumer will allow individuals to get best care at best price.

If you do not have time to personally handle suggestions made above, consider enlisting services of an independent insurance broker that specializes in designing and evaluating health plan options. A good insurance broker should be able to save you time, money, and ultimately serve as a trusted resource for plan recommendations now and in future.