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Our Firm Let Insurance Providers Compete and Wound Up Saving 13% On Our 2018 Healthcare Costs

By Michael R. Epperson

Remember the good old days when healthcare benefits were provided at a premium level for a small additional cost to the employer?  Many of us have not been around long enough to enjoy that recollection!

Today, healthcare costs are a major line item in most law firms’ budgets and these costs are growing at an alarming rate, motivating firms to work hard to find ways to reduce rates.  Healthcare costs are also an important consideration for recruiting and hiring.  New employees are scrutinizing a firm’s offered healthcare benefits during their job decision-making process.  Let’s face it, most mid-size law firms pay attorneys and staff within a similar range.  So, many firms are trying to attract the same top talent, and those candidates take a careful look at not only salary, but also at other financial benefits of their employment such as the existence of a 401K, bonus potential, and, importantly, the cost to them of healthcare coverage.

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