No matter how hard you try to avoid them, the unexpected is inevitable. In fact, more than 80 million individuals in the United States seek medical treatment for injuries each year and 43 million go directly to the emergency room. Whether it is a sports injury, a car accident, or …
Since the beginning of the pandemic, remote work environments have become more prevalent across a wide range of industries. As employees made the transition, some may have found it challenging to maintain attentiveness and high levels of productivity. More specifically, working parents have been tasked with finding new ways to …
An HSA, or Health Savings Account, is available to individuals enrolled in high deductible health plans (HDHPs). Traditionally, HSAs are a popular type of tax-exempt medical savings account. Allocated HSA funds can be used to pay for expenses covered under an HDHP plan until their deductible has been met; or …
With COVID-19 exacerbating the mental health crisis employees were experiencing even before the pandemic, Prudential Group Insurance saw a need for change and partnered with NeuroFlow to expand their mental health benefits for employees on disability leave. NeuroFlow, a digital behavioral health integration platform in the form of a mobile …
Employers have consistently been pushed to adjust their benefits to accommodate employees’ mental health, caregiving, financial and well-being needs, which have been exacerbated due to the pandemic. According to a survey by Wellable, the majority of employers plan to keep social distancing and sanitary measures prevalent in their workplace post-pandemic. …
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 — …
