The financialconcerns of paying for unexpected medical bills, and potentiallyfuture doctors' visits, can mount and create a chain reaction thatmay negatively impact an employee's health.
Employees today are strapped for cash. Research shows that 40percent of adults don't have the finances to cover an emergency expense over $400. For theseindividuals, unexpected medical bills could be catastrophic. Thisstrain is affecting more than just their checkbooks; it may alsoimpact how they recover from an illness or injury.
As health care costs continue to increase and the financialburden weighs on employees, organizations must find creative waysto address these concerns. Some disability carriers are respondingto this challenge, and adapting their plans to offer physical andfinancial wellness resources. As a result, employers can get moreout of their benefits programs and provide a holistic approach tosupport employees' unique situations.
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