Where we’re going
Workers Remain Financially Fragile: Healthcare Options to Improve Financial Resilience
Financially fragile workers are highly vulnerable to current economic conditions.[i] Most live paycheck to paycheck. Most have little to no savings. Most lack a financial safety net and do not have resources on hand to meet even a $1,000 unexpected expense.[ii] Rapid inflation compounds existing financial fragility for this segment of Americans who are unprepared … Continued
Take a Proactive “Health & Wealth” Strategy During Annual Benefits Enrollment
Annual enrollment typically occurs in November and December each year. Over this period, workers have the opportunity to review options, make changes to current benefits elections and enroll in new benefit options or programs. Christine Cooper, CEO of aequum, urges plan sponsors and their benefits administrators to plan for a “health and wealth” strategy as … Continued
Total Health Benefit Costs Projected to Rise In 2024, According To Mercer National Survey
With annual open enrollment approaching, employers and employees alike are at heightened levels of stress over the potential for significant increases in benefit costs. End-of-year health plan renewals may see significant increases in the cost of coverage, potentially resulting in higher employer and employee contributions and/or higher point of purchase cost sharing (deductibles, copayments, etc.). … Continued