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Financial Wellness

Benefits advisors and their employer clients are increasingly seeking information and guidance about offering financial wellness plans to their employees. Financial wellness can encompass many things, from financial education to voluntary products to budgeting and financial tools and more. This special report covers financial wellness from many perspectives, providing insight and strategies to help in the decision-making process.

Market Insights

Medical costs estimated to increase 6 percent in 2020

PcW is projecting a 6 percent increase in medical cost trends in 2020, higher than 2019’s medical cost trend.

By Joel Kranc | June 21, 2019 at 10:14 AM
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Piggy banks with calculator and stethoscope PwC stresses that companies need to understand the specific needs of employee populations and buy the best benefits at the best prices with the best outcomes. (Photo: Shutterstock)

Medical costs continue to trend higher, according to PwC’s latest Behind the Numbers report. The firm’s Health Research Institute is projecting a six percent increase in medical cost trends in 2020, which is a five percent net growth rate and higher than 2019’s medical cost trend.

The report attributes these increases to three trends:

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