Today’s guest post comes from Leon Greene, Cofounder and Executive Vice President at Truveris. Leon discusses “the Cadillac tax,” a federal tax employers will pay on higher priced employee health benefit plans. The tax is scheduled to go into effect in 2018.
Leon offers three concrete actions that could lessen the effect of the Cadillac tax:
- Use available technologies to research your vendors’ economics
- Offer your employees digital tools such as OneRx to help them identify the potential cost savings of coupons or paying cash for their prescriptions
- Educate your employees on their health insurance options and promote wellness programs to workers
Read on and see if you agree.Read more