Nick Mancinotti’s Post

We get a lot of questions from HR teams about how to gather actionable data from employees around benefits usage, needs and pain points to inform renewal strategy. So we partnered with our advisors to build a best in class employee survey toolkit that makes it incredibly easy for HR teams to run a high quality benefits survey, then analyze and act on the insights. It’s free and open sourced. Use it! #fixhealthcare

An Employee Benefits survey can be a straightforward yet powerful tool to assess satisfaction with your benefits package. If you're seeking assistance with creating one, consider exploring Nava's complimentary template for inspiration. #EmployeeBenefits #Survey #HRManagement #fixhealthcare

Are benefits underutilized or confusing your employees? Our FREE Employee Benefits Survey Template helps you uncover employee needs and build a winning benefits strategy! 🏆 #HR #EmployeeBenefits #EmployeeExperience

Brown & Brown’s 2024 Employee Benefits Market Trends report is now available! Our Market Trends quickly connects you to key topics and notable updates in the employee benefits marketplace. https://lnkd.in/gASp32Pd  

What’s driving you health plan costs? And where do the opportunities lie to introduce strategic initiatives to impact those things and bend the cost curve down? Our 2024 Employee Benefits Market Trends report provides great insight into some of the most common answers to the first question. We are working with our clients every day to answer the second question and put a plan into action!

Business leaders, the numbers are in! I encourage you to take a moment to review the pertinent information highlighted below and remember to call me with any questions.

2024 Employee Benefit Cost Drivers: 1. Broader Economics: "Healthcare providers continue to experience significant financial challenges driven by decreases in revenue, intense staffing shortages, and rising expenses for supplies, equipment and drugs...While broader inflation markers have been trending downward over the past several months, medical inflation tends to lag by as much as 12 months." 2. Prescription Drugs + Emerging Gene & Cellular Therapies: "Specialty drugs are typically complex, high-cost and often used to treat rare or chronic conditions...These drugs represent advancements in medical treatments, offering solutions for diabetes management and obesity (GLP-1 agonists), cost-effective alternatives to biologics (biosimilars) and cutting-edge therapies targeting genetic and cellular aspects of diseases." 3. Increasing Volume of Large Claimants & Chronic Conditions: "Many employers saw an increase in the volume of large claimants in 2023 – not necessarily catastrophic, but those that would not reach typical stop loss thresholds...The increased volume of large claimants has been primarily driven by unit cost, such as elevated costs for specialty drugs and medical procedures." https://lnkd.in/gngrGXhA

Organizations know that offering competitive employee benefits is essential in attracting and retaining talented employees. But, do you know how your benefits compare to the market and your peers? Uncover how our employee benefits benchmarking exercise can help you find out. #EmployeeExperience #benefits #talent #MercerSLC #MercerMtnStates

Brown & Brown’s 2024 Employee Benefits Market Trends report is now available! This report quickly connects you to key topics and notable updates in the employee benefits marketplace. Download the full report to learn about notable trends for this year, including insights on the following topics: Key Cost Drivers Prescription Drugs and Emerging Therapies Weight Loss Drugs Artificial Intelligence Total Rewards Self-Funded Stop Loss Programs Market Outlook And more!

📈 Explore the latest trends in employee benefits! Our 2024 Employee Benefits Market Trend report is now available for download! 🚀 Gain valuable insights into the ever-evolving landscape of employee benefits, including updates on Rx, AI, Stop Loss, Compliance, and much more. Click the link below to access the full report and stay ahead of the curve. #EmployeeBenefits #MarketTrends #HRInsights #IndustryUpdates