One consideration is the or age of the remaining and premium rates may impact employee trends employees is higher, increase during the year will have on employers. the premium rates may for self-funded employers As businesses consider increase during the year and at renewal time for layo昀昀s or selling parts for self-funded employers fully insured employers. of their companies, the and at renewal for fully The good news is these impacts to the health insured employers. are issues that can be 10 plan are not always top Employees are working planned for. of mind. Any time that longer, in some cases well a material portion of beyond the traditional individuals leave a health age of retirement. The plan, suddenly two new U.S. Bureau of Labor risks present themselves. Statistics estimates that 15% First, employers may see by 2024, a quarter of the workforce will be over the of American consumers a signi昀椀cant increase age of 55, and of these, a with employer-sponsored in claim payments as third will be 65 or more. insurance said they had employees exit the Retiree-age workers are deferred some care organization. This is more likely to remain on between March and typically a temporary an employer-sponsored 1 increase, though not one health plan during periods September of 2021. to be ignored. Second, of uncertainty. Therefore, if the average risk for the average risk is higher 2023 Benefits Trends: The evolving workplace 73