
It’s no secret the COVID-19 pandemic pushed the U.S. health care system into uncharted waters. People delayed or canceled medical visits and procedures out of caution, and overall health care spending and behavior changed considerably in 2020. In addition, a slew of legislative changes in response to the coronavirus pandemic and economic crisis altered the landscape of employer-sponsored benefits. Uncertainty surrounding the ongoing impact of the pandemic is making it tough for anyone to move ahead with confidence, and employers and brokers may still be wondering how to prepare for the rest of 2021.
We want to help you prepare for what lies ahead. In this article, we share industry reports that cover anticipated spending and benefits trends for 2021, and provide guidance for employers and brokers that may feel like a ship navigating choppy waters.
Conclusion
With legislative updates and medical spending trends from 2020 on your radar, you should be well positioned to sail through 2021 with more security knowing that you are prepared to weather any storms. While you can’t always see what’s lies beyond the horizon, employers and brokers can still develop a sound benefits strategy regardless of what happens next by knowing these expected trends in 2021!