Open enrollment season is underway, and many workers should expect an unwelcome surprise: higher benefits costs.
Health-care premiums in workplace benefits plans are expected to rise 7% to 8%, on average, for 2025.
Open enrollment season is underway, but many workers haven't yet selected their benefits for next year. When they sit down to do so, they may get an unwelcome surprise: higher costs.and an increase in catastrophic medical claims. These factors have propelled costs for employers, and while some companies are eating these extra costs, for now, others are finding ways to pass expenses onto employees.
Workers need to consider whether they can afford to pay for medical services until they meet their deductible, Ihrke said. They may also be able toSearch for new and alternative plans that may be available This is especially true if you're taking or considering GLP-1 drugs including Wegovy and Ozempic for weight loss. While employers generally cover these drugs for diabetes,is mixed. Fifty-two percent of employers offer coverage for GLP-1 drugs for weight loss, according to a July poll by WTW, while 48% are still deciding coverage options.
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