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Instant Insights / Mental Health Awareness Month

Employee mental health is becoming an important issue for employers, and one of the ways to help workers is through their employee benefits packages. Here we look at trends, build awareness, and share ideas for benefits managers and brokers.

Digital EAPs: a new value proposition for brokers  

This article will address what brokers ought to look for in a “digital EAP,” from the technology itself (does it just replicate an existing service in digital form or does it transform that service into something significantly more efficient and effective?) to evaluating whether your EAP partner is capable of providing thorough and comprehensive implementation support.

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A number of years ago, BenefitsPRO (then known as Benefits Selling) published an article titled: “EAPs: the secret weapon.” The gist was captured in the lede: “Employee assistance programs are often overlooked by benefits brokers, but they can be a valuable sales tool that cements your relationship to your client. Of all the benefits available to independent brokers, the employee assistance program seems to be the most neglected.”

Back then, part of the problem when it came to to brokers and EAPs was the dearth of solid evidence on the efficacy of EAPs regarding key workplace outcomes such as productivity, engagement, etc. Today, we have ample evidence to support the correlation, but the problem now is the emphasis among purchasers on reaching more people at lower costs, which is problematic on several levels. It focuses on utilization versus outcomes, where the latter is a far more meaningful indicator of ROI, and it squeezes both EAPs and brokers who have the narrowest of margins to work with.

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