To ensure a successful open enrollment, employers and employees alike must prepare. Employers must update materials and properly communicate benefit offerings to their employee populations. Employees should be familiar with their health needs in order to properly enroll in the most appropriate benefits. Employer preparation Effective communication helps inform employees …
Employers and the Mental Health Crisis
Approximately 1 in 5 Americans experience mental illness, which can affect their personal and professional lives. Employees suffering from an untreated mental illness can lead to absenteeism, decreased productivity, and an increase in medical and disability expenses. From these losses, employers stand to lose around $300 billion annually. Fortunately, common …
Healthcare Needs of Different Generations
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 …
Considerations for 2023 Open Enrollment
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 …
Health in the New Year
The start of any year is typically marked with well-intentioned goals to set the optimistic tone for the rest of the year. Some goals are maintained throughout the year while others don’t make it more than a few months. Setting yourself up for success is crucial since resolutions are often …