In 2020, we focused on our physical health by protecting ourselves and others from the spread of COVID-19. In doing so, we have also realized the importance of simultaneously prioritizing our mental health and well-being. Prior to the pandemic, 5% of employees reported they experienced impaired mental health. Now, 18% …
With three in four professionals now working from home, employees have and continue to adapt to new work environments. From transforming bedrooms into offices to converting breakfast nooks to workspaces, employees may be finding themselves with less space and time for their health and overall well-being. Fitness and well-being offerings …
With compounding layers of difficulty caused by the pandemic and the uncertainty that lies ahead, employers and employees are experiencing a great deal of worry and distress both at home and in the workplace. The Centers for Disease Control and Prevention (CDC) have advised people not to travel for the …
Due to the COVID-19 pandemic, employers have and will continue to face adjustments to accommodate their employees’ needs. For instance, employees are increasingly aware of their healthcare coverage and the need to make the right elections to benefit their own physical, mental and financial well-being and that of their family …
In light of the COVID-19 pandemic, employees’ ability to adapt and quickly recover from challenges continues to be tested in countless ways. Employees who have low resilience are more likely to have lower satisfaction at work, feelings of low self-worth, low self-esteem, and lower professional ambition and performance. If feelings …
As the pandemic continues and the flu season approaches, employees across the nation are concerned about what the future holds. Consequently, it is essential for individuals to use income wisely and understand what is available to them from a healthcare perspective. According to the Bureau of Labor Statistics, the average …
In light of COVID-19, employees are becoming increasingly conscious of the costs and need for suitable healthcare coverage. In an effort to meet this rise in knowledgeable consumerism, employers should prepare for an increased level of engagement in the organization’s annual employee benefits Open Enrollment. We recommend thoroughly reviewing all …
Due to COVID-19 and the current state of economic uncertainty, employers may be facing limited budgets. Seeking new ways to structure employee benefit plans could put your organization in a better financial position heading into the new year. To reduce healthcare spending, employers can consider several benefit design strategies opposed …
Prescriptions are expensive and it’s easy to become overwhelmed by the high rising costs in today’s market. The United States spends twice as much on prescription drugs as other high-income nations; and the average American spends approximately $1,200 each year on prescriptions drugs. Whether you are covered by insurance through …
As healthcare spending escalates, many organizations are looking to design innovative programs that curb costs without sacrificing overall employee care and satisfaction. One cost-shifting strategy gaining popularity amongst employers is the reference-based pricing (RBP) model. How RBP Works RBP works by setting spending limits on certain procedures or services — …
In light of the current COVID-19 pandemic, employees have the opportunity to take advantage of the loosened requirements regarding how they can spend their health savings account (HSA) dollars. Employees can now utilize their HSA dollars to pay for telehealth services, over-the-counter (OTC) medications, feminine hygiene products and more. Many …
During this unprecedented time, employers are looking for ways to provide a sense of relief to their employees. We’ve outlined items employers can share with workers to assist them in light of the COVID-19 crisis. Relief due to Legislation & Carrier Action Updates to new legislation continue to be released …
When an individual is searching for a job or is already currently employed, health benefits remain a high point of interest, a necessity, especially in a strong economy and tight labor market. Recent surveys suggest, 80% of employees would choose additional health benefits over a pay raise. This explains why …
What Is An HSA? An HSA is your Health Savings Account, available to individuals enrolled in high deductible health plans (HDHPS). Individuals can use their HSAs to pay for expenses covered under the HDHP until their deductible has been met, or they can use their HSAs to pay for qualified …
Everybody uses their health savings account (HSA) a little differently, and that’s OK. In fact, flexibility is one of the many advantages of an HSA. However, there are a few things you should keep in mind to make sure that you’re utilizing your HSA as efficiently as possible. Be Smart …
