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Stethoscope on money pile An increasing number of employers are offering financial wellness benefits like higher 401(k) matches so that employees are better equipped to save for retirement.

Open enrollment this year runs from November 1 to December 15. HR professionals and senior leadership alike are making important decisions about what health care benefits they can and should be providing next year. And, some are rethinking their approach to health care benefits altogether.

That’s because many are considering adding financial wellness benefits to their overall packages. Financial anxiety is increasingly negatively affecting employee productivity and, more importantly, physical and mental health. Employers are taking a more holistic approach to employee well-being by providing additional resources to employees through their benefits packages, including financial benefits and wellness programs.

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