b"Associate Member News PICKING ChatGPT's BRAIN What Will Employer-Sponsored Health Benefits Look Like in Ten Years? Single coverage: Question 4: $12,000$13,000 per year What About Outside the U.S.?(These assume no major policy or structural changes. Disruption (e.g., Medicare expansion) could radicallyChatGPTs Response:alter this.)Note: Employers typically pay about 7075% of In countries with universal healthcare (e.g., Canada, premiums. That means their share could be $23,000+UK, much of Europe):per employee in 2035 for family plans. Employers generally dont cover core health care, but they often provide supplemental private insurance Question 3: (e.g., dental, vision, faster access).What Employers Might Do toCosts are much lower compared to U.S.typically Control Costs? $1,000$3,000 per employee per year.In rapidly growing markets like India or China:ChatGPTs Response: Employer-provided health insurance is increasing, 1. Adopt ICHRAs or defined-contribution models. especially in tech and white-collar sectors, though premiums are still relatively low compared to Western Fixed-cost model helps cap budget exposure. standards. 2. Use value-based care and narrower networks.Contract with high-performance providers Bottom Lineto reduce claims.3. Incentivize wellness andchronicmanagement. Use digital tools to promote preven-tive care and reduce expensiveIf you have questionsinterventions. about Medicare and 4. Explore self-insurance. Larger Medigap policies oremployers may self-fund their would like a free copy of plans and buy stop-loss insur- the federal governments ance to manage risk. Medicare handbook, please visit our website at wmimedigap.com5. Shift cost to employees.Some employers mayor contact our office atincrease deductibles or (801) 263-8000 .employee premium sharesif inflation accelerates.SWPMA News / Fall 202551"