Rates for 2023 group coverage are expected to see a rate increase of 5.8%. Small businesses are already struggling with inflation and rising gas prices. Can they continue to stay competitive? In a recent survey by Mercer, they found that smaller employers may still not know what their new numbers may look like. For organizations with less than 50 employees, there are cost-effective solutions available if you know who to ask.
The Mercer article can be found here: Health benefit cost growth will accelerate to 5.6% in 2023 | Mercer US