How Inflation and a Looming Recession Will Affect Your Employee Benefits Program

In 2022, organizations have experienced uncontainable inflation rates and unforeseen supply chain issues affect almost every aspect of their business.  This drastic shift has forced companies to take a hard look at overall costs. On top of that, COVID and the Labor Shortage has forced employers to offer robust Benefits Programs. Whether we’re currently in, or on our way to a recession, what steps and actions can Employers take now to stabilize costs and find additional funds?  

KEY TAKEAWAYS

1. The current State of the Market
2. How Inflation and a Recession will affect: Medical and Pharmacy Costs, Employees’ perception of their benefits program
3. The Top 5 Strategies to Reduce Costs, while keeping employees whole
4. What other companies are proactively doing today, to create a stable and predictable tomorrow

SPEAKER

Colby Pellegrini joined the Graham Company in 2021 with 10 years of industry experience. He is currently an Employee Benefits Consultant focused on complex middle-market companies. Prior to joining the Graham Company, Colby held a Vice President role in the employee benefits practice at USI Insurance Services. He began his career at Marsh McLennan Agency, where he specialized in developing strategies to reduce Medical and Pharmacy expenses for National Corporations.  Colby graduated from Temple University with a major in Risk Management & Insurance. He currently resides in Philadelphia with his wife Kay, daughter Sonny, and dog Bear.  

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