Control costs with defined-contribution health care plans
Abstract: Rapidly rising health care costs and new federal insurance requirements may leave many managers scratching their heads at how to obtain quality insurance products at a reasonable cost. New defined-contribution insurance plans are emerging as a promising alternative for manufacturers looking to add more predictability when it comes to health care costs. This article explains how the plans provide more coverage choices for employees, while setting fixed costs for employers. A sidebar lists upcoming health care act deadlines for employers.