Important Hurdles of Employee Benefits for Employers

CEO and president of AndAme Investments, Bill Scuorzo has worked in the field of financial consulting for over 20 years. Bill Scuorzo also runs BCG Advisors, an insurance brokerage. There, he deals with many clients that have trouble navigating employee benefits packages effectively.

Employee benefits are not set in stone. Their changing nature makes dealing with them challenging to a business, and in some respects, they’re only getting more confusing. In addition, according to data from SHRM, employer’s costs for employee healthcare could rise up to six percent in 2020.

Moreover, employers are still struggling to fully grasp how the Affordable Care Act affects their business in the long run. The healthcare system is in a definite state of turmoil, which causes much confusion. New companies are also entering and exiting the market at an alarming rate.

The best plan for any employer is to establish a relationship with a trusted advisor or broker to plan out a long-term employee benefits strategy.

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