Industry News

Employers Often Overlook the Benefits of an HSA

It’s clear that employers need help educating employees on health savings accounts (HSAs). Fifty-six percent of employers don’t know that an employee needs a high deductible health plan (HDHP) to ...

One-Third of Employees Stay for the Health Insurance

As record numbers of Americans leave their jobs in the "Great Resignation," a new survey finds that health insurance is holding back some workers from joining the wave. Thirty-three percent say th...

Employees Face Rising Costs and A Need for Mental Health Benefits

While the COVID-19 pandemic has taken a toll on mental health, only 31% of employees say their employers have stepped up efforts to address employee wellbeing, according to a survey by the Employe...

Employers Respond to Higher Health Care Costs

Employers expect medical and pharmacy benefit expenses to grow 5.2% in 2022, according to a survey by Willis Towers Watson. A similar survey by Mercer finds that employers expect health benefit co...

Enhancing Benefits Can Reduce Turnover

Forty-nine percent of U.S. executives are seeing much higher than usual turnover in the past six months. Eighty-four percent say openings are going unfilled for longer than before the pandemic, ac...

Employers Have Expanded Pre-Deductible Coverage with HSA-Eligible Plans

In response to IRS Notice 2019-45, 76% of large employers with HSA-eligible plans have expanded pre-deductible coverage for medications and services that prevent the exacerbation of chronic cond...

COVID-19 Is Driving Benefit Choices

An Aflac survey reveals that the COVID-19 pandemic is driving benefit choices among employees; anxiety and burnout is widespread; and many employers underestimate their employees’ financial challe...

Metlife's 19th Annual Employee Benefits Trends Study

For globally-mobile employees, it has been an exceptionally stressful year, compared to their domestic peers. However, globally-mobile emploees are more engaged with their employee and report high...

House Bill Could Significantly Alter Health Benefits

The House Ways and Means and Energy and Commerce committees have advanced parts of the Democrats' $3.5 trillion budget reconciliation package, also known as the Build Back Better Act. " According ...

More Employers Offered Health Benefits in 2020

Contrary to some predictions, the ACA did not cause most employers to drop health coverage. Since 2013, about 99% of employers with 1,000 employees or more have offered health benefits to workers....

Overwhelming Majority of Employers Plan to Boost Benefits

Over 90% of businesses surveyed by Principal® say they plan to increase at least one benefit in the next 12 months. They surveyed 500 employers from companies with two to 10,000 employees in a di...

How the Pandemic Has Affected HSAs

Annual individual Health Savings Account (HSA) contributions fell in 2020, according to a study by the Employee Benefits Research Institute. HSA balances increased modestly by $400 as average annu...