Telemedicine is the delivery of health care from a distance through technology. These remote services increased in popularity largely due to the pandemic and have continued to remain relevant. The convenience, cost-effectiveness, and accessibility allow more expansive care for a larger group of individuals. Several types of healthcare visits can …
Approximately one-third of Americans have medical debt, and more than half of those individuals have defaulted on their bills. Hospital costs can accumulate quickly and feel overwhelming, especially when most bills contain errors. Fortunately, there are ways to catch medical bill errors and reduce costs. Employees should: not pay the …
By offering voluntary benefits, employers satisfy more of their workforce’s unique needs. The voluntary nature of the benefits allows employees to decide on an individual basis whether additional coverage would be beneficial or not. In 2023, there are several trends on the rise: Holistic Benefits. The pandemic caused coverage gaps …
After the costly holiday season, the new year is a great time to reset and embrace January as financial wellness month. A recent survey found that as of October 2022, around 60% of American consumers are living paycheck to paycheck. Another survey found that 84% of employees wish their employers were more involved …
January is National Glaucoma Awareness Month, a time to spread information on a leading cause of irreversible blindness. Approximately, 60 million people worldwide have glaucoma, and around 4.5 million of those individuals are blind as a direct result of this disease. What is glaucoma? This sight-stealing eye disease can affect …
Around 77% of American households have debt, and the average individual has around $58,600 in debt. In the workplace, 9 out of 10 employees are worried about finances, with 75% stating financial concerns negatively affect their productivity. Fortunately, employers can alleviate some of this strain by boosting their financial wellness …
There are 4 main generations in the 2022 workforce, consisting of Gen Z (around 5%), Millennials (around 35%), Gen X (around 33%), and the Baby Boomers (around 25%). Each of these age groups has their own healthcare wants and needs. Employers should be aware of their employee population and their …
Employers and employees alike must prepare for open enrollment. Employers must update materials and properly communicate benefit offerings to their employee populations. Meanwhile, employees need to be familiar with their needs and their family’s needs in order to properly enroll in the most appropriate benefits. Preparing as an employer Effective …
When preparing for open enrollment, it is important to understand your options. Health Saving Accounts (HSAs), Health Reimbursement Arrangements (HRAs), and Flexible Spending Accounts (FSAs) are often offered in conjunction with a health plan. Knowing the advantages of each can allow for an easier open enrollment process. Health Savings Account …
Gen Z is now the largest group entering the workforce, and their health care desires differ from previous generations. For perspective, there are approximately 65 million American Gen Zers, those born between 1997 and 2012. By 2030, they will account for 30% of the workforce. As this generation begins their …
As an employer choosing which health plan to offer, many considerations must be taken. In a perfect world, an employer chooses a plan that keeps costs down but also fits employees’ needs, boosting overall satisfaction and retainment. However, finding that perfect combination isn’t always easy when there are so many …
The Great Resignation and the COVID-19 pandemic highlighted the importance of employee perks and benefits. In especially trying times, employees fixated on health, financial security, and the work-life balance. Employees who found these areas lacking left their workplaces in favor of those with better wages and benefits. According to a …
July is Healthy Vision Month, a time to spread awareness and advocate for healthy vision. Eye health directly impacts your performance and safety at home and in the workplace. Vision insurance is one of the more popular voluntary benefits offered by employers. Preventative health, through routine eye exams, is an …
With such a high inflation rate, consumer goods and employee benefits have experienced a notable price increase. Employee Benefit Research Institute conducted a survey and confirmed one-third of U.S. employees saw an increase in their health costs within the past year. However, there are ways employers can mitigate benefits costs …
With gas prices on the rise, commuter benefits are becoming increasingly popular. Through employers, commuter benefits allow employees to use tax-free dollars on commuting expenses, saving employees money on annual taxes. Qualified expenses may include: Parking costs – parking on or near the business premises. It could also include parking …
