Attention: You are using an outdated browser, device or you do not have the latest version of JavaScript downloaded and so this website may not work as expected. Please download the latest software or switch device to avoid further issues.

News > Member News > Managing Socio-Economic Forces Impacting Employee Benefits

Managing Socio-Economic Forces Impacting Employee Benefits

After years spent trying to maneuver the impacts of the Affordable Care Act, small business owners have found themselves further burdened over the past couple years from various pandemic, social and economic forces. With many decision makers facing urgent needs to trim costs, a reduction or even elimination of employee benefits has undoubtably been discussed by many of these same business owners at one time or another.

Most people already know that health insurance premiums represent a major portion of a company's operating budget, but the combination of reduced overall revenue and increased insurance costs have created a financial burden most companies have not previously experienced. At the same time, employers know how much their staff values employee benefits and that eliminating them could risk losing key employees.

Fortunately, there are options available to employers who are facing this difficult decision and the staff at My Benefit Advisor can help. By understanding your business circumstances and employee demographics, we can tailor solutions involving creative strategies and the latest industry tools. Professional Employee Organizations, Discount Programs and Individual Coverage HSAs have all enabled employers to achieve their employee benefit objectives during these challenging times.

AIA Philadelphia offers its members access to My Benefit Advisor as a solution for employee benefits, including voluntary offerings. For more information about My Benefit Advisor, visit our website at aiap.mybenefitadvisor.com or contact Marlon Richardson at (215) 790-3640.

Similar stories

The Philadelphia Business Journal

The Philadelphia Business Journal honors Nancy Bastian, Managing Partner - Cecil Baker + Partners More...

Engine 37 Firehouse opens after $10 million renovation and expansion designed by Cecil Baker + Partners More...

In recognition of their impact and contribution to the practice, Ballinger is pleased to announce promotions. More...

International Architect and Author, Adam Robarts will visit the Center for Architecture and Design on a special stop on … More...

Most read

The Philadelphia Business Journal

The Philadelphia Business Journal honors Nancy Bastian, Managing Partner - Cecil Baker + Partners More...

During this virtual roundtable, you'll learn from local Principals and Marketers about how their working relationships support the success of their fi… More...

This website is powered by
ToucanTech