Engineering Inc. - January/February 2009 - 16
By alan Joch S 16 ENGINEERING INC. Firms find creative ways to stem rising teady increases in health care costs concern all employers, but small- and mediumsized engineering firms are truly feeling the pain. Offering a comprehensive and affordable health plan is table stakes for firms scrambling to attract the best and brightest from a shrinking talent pool. “You can’t recruit employees without it. In our industry, it’s an expectation,” says Karen Wood, chief financial officer at HMB Professional Engineers, Inc., a 70-person firm in Frankfort, Ky. plans. A growing number of companies are adding newer high-deductible plans complemented by health savings accounts (HSAs). Still others believe self-insurance models offer the most leverage when negotiating premium costs with insurance providers. Regardless of which option engineering firms choose, all are spending a significant amount of time trying to boost their employees’ health care IQ. “Employees need to know that health care costs are not somebody else’s problem,” Wood says. “The decisions they make with their own health have more of an impact on their insurance costs than anything else.” RX TO EASE EMPLOYER HEALTH CARE P pHoTos.com/JUpITer ImaGes Add to that the budgetary tradeoffs ballooning health care costs impose on the broader economy. “There’s high priority in our industry to lobby for infrastructure funding from the government, but if we can’t get this health care cost issue under control, infrastructure funding will just be pushed completely into the background,” says Michael McMeekin, president of Lamp, Rynearson & Associates in Omaha, Neb. Some firms opt to give their employees a choice of traditional insurance carriers, such as health maintenance organizations (HMO) and preferred provider organizations (PPO), each with preferred networks of providers, or regional health insurance JaNuaRy / FEbRuaRy 2009
Engineering Inc. - January/February 2009
Table of Contents for the Digital Edition of Engineering Inc. - January/February 2009
Engineering Inc. - January/February 2009
Table of Contents
From ACEC to You
News and Notes
Market Watch
Legislative Action
Exclusive Interview
RX to Ease Employer Health Care Pain
2009 Spring Course Catalog
That's Entertainment
2008 Professional Liability Insurance Survey of Carriers
Annual Convention Preview
Members in the News
Business Insights
Engineering Inc. - January/February 2009 - Cover1
Engineering Inc. - January/February 2009 - Cover2
Engineering Inc. - January/February 2009 - Table of Contents
Engineering Inc. - January/February 2009 - From ACEC to You
Engineering Inc. - January/February 2009 - 3
Engineering Inc. - January/February 2009 - News and Notes
Engineering Inc. - January/February 2009 - 5
Engineering Inc. - January/February 2009 - Market Watch
Engineering Inc. - January/February 2009 - 7
Engineering Inc. - January/February 2009 - Legislative Action
Engineering Inc. - January/February 2009 - 9
Engineering Inc. - January/February 2009 - Exclusive Interview
Engineering Inc. - January/February 2009 - 11
Engineering Inc. - January/February 2009 - 12
Engineering Inc. - January/February 2009 - 13
Engineering Inc. - January/February 2009 - 14
Engineering Inc. - January/February 2009 - 15
Engineering Inc. - January/February 2009 - RX to Ease Employer Health Care Pain
Engineering Inc. - January/February 2009 - 17
Engineering Inc. - January/February 2009 - 18
Engineering Inc. - January/February 2009 - 2009 Spring Course Catalog
Engineering Inc. - January/February 2009 - I2
Engineering Inc. - January/February 2009 - I3
Engineering Inc. - January/February 2009 - I4
Engineering Inc. - January/February 2009 - I5
Engineering Inc. - January/February 2009 - I6
Engineering Inc. - January/February 2009 - I7
Engineering Inc. - January/February 2009 - I8
Engineering Inc. - January/February 2009 - I9
Engineering Inc. - January/February 2009 - I10
Engineering Inc. - January/February 2009 - I11
Engineering Inc. - January/February 2009 - I12
Engineering Inc. - January/February 2009 - I13
Engineering Inc. - January/February 2009 - I14
Engineering Inc. - January/February 2009 - I15
Engineering Inc. - January/February 2009 - I16
Engineering Inc. - January/February 2009 - 19
Engineering Inc. - January/February 2009 - That's Entertainment
Engineering Inc. - January/February 2009 - 21
Engineering Inc. - January/February 2009 - 22
Engineering Inc. - January/February 2009 - 23
Engineering Inc. - January/February 2009 - 24
Engineering Inc. - January/February 2009 - 2008 Professional Liability Insurance Survey of Carriers
Engineering Inc. - January/February 2009 - 26
Engineering Inc. - January/February 2009 - 27
Engineering Inc. - January/February 2009 - 28
Engineering Inc. - January/February 2009 - 29
Engineering Inc. - January/February 2009 - Annual Convention Preview
Engineering Inc. - January/February 2009 - 31
Engineering Inc. - January/February 2009 - Members in the News
Engineering Inc. - January/February 2009 - 33
Engineering Inc. - January/February 2009 - 34
Engineering Inc. - January/February 2009 - 35
Engineering Inc. - January/February 2009 - Business Insights
Engineering Inc. - January/February 2009 - Cover3
Engineering Inc. - January/February 2009 - Cover4
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