Many California employers are making cuts to the health care providers that are listed with their insurance providers. Companies are attempting the stymie rising insurance premiums as their insurers attempt to mitigate the growing costs of medical care. Many are unwilling to outright discontinue their offering of medical benefits, however, and are opting instead for smaller scale networks that offer limited choices in terms of medical providers. This increasingly popular trend is netting some companies as much as a 25% saving in insurance costs. Nearly 21 million people are a…
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Maybe a break for small businesses health care costs
With the burden of a staggered economy weighing on employers, many are looking to cut costs while retaining benefits for their employees. However, the rates for employee health coverage have been going up for the past few years, making health care among the first benefits to be cut entirely. Trowbridge Insurance of Pacifica California is looking to change that by teaming up with a third party administrator in an effort to save businesses money on coverage. The third party has developed a strategy to save businesses and unions up to…
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