The hospital is moving away from an individual annuity-based plan and will move to a group plan with a new advisor.
The changes will affect about 1,500 lives, considering the 350 participants and their families, according to the report.
More Articles on Hospital Employee Benefits:
How a Unique PTO Program Draws a Mission-Driven Workforce
Gallup: Preventative Medicine Starts in the Workplace
Kaiser Offers Cash Bonuses in Employee Wellness Program
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.