Employers consider reverse auctions to reduce health costs

02/13/2013 | GoLocalWorcester.com (Worcester, Mass.)

Employers increasingly are participating in reverse auctions to save money on health benefits such as life insurance and vision and dental coverage, Amy Gallagher writes. Employers initiate the auctions by setting specifications, after which insurers place electronic bids. Employers participating in reverse auctions shouldn't make price their only consideration when choosing a benefits provider, Gallagher writes.

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