Employers are failing to make the most of the options available to them when it comes to healthcare for their staff, yet still say price is their premium concern.
In research conducted by Jelf Employee Benefits, the majority (81%) of companies said that price is a principle factor when they carry out their annual review of healthcare policies. The service they receive from the intermediary is seen as much less important.
However, Jelf Employee Benefits says this demonstrates that employers aren't appreciating the true value of good intermediary service, as intermediaries can provide specialist advice to help employer's locate these savings.
The same survey showed that employer awareness of a new tool in the healthcare kitbag: Corporate Deductible, was low, despite the option being available since 2010.
Three quarters said they wouldn't be making use of corporate deductible, or weren't sure if they would. Only 34% believe it will help control costs in the healthcare market.
Steve Herbert, head of employee benefits strategy for Jelf Employee Benefits said: ‘It's this kind of area that really highlights the value of good advice from an intermediary.
"Intermediaries worth their salt are discussing all options with their clients to find the most suitable solutions and lowest cost.
"Savings are there to be made, and this is a time when the relationship with the right intermediary is everything.'
