letter blocks with H S A and coins stacked on top In a year where many people lost their jobs, they did not lose their HSAs, allowing them to continue to spend existing funds on qualified expenses.(Photo: Shutterstock)

In a year filled with uncertainty, one thing became quite certain in 2020. Employee benefits are an essential part of the American workforce. Just how essential?

Quite essential, it turns out. According to a recent Prudential report, a majority of workers believe COVID-19 has made benefits much more important. In the survey, 77% of employees said benefits programs were a large part of their compensation with 73% saying benefits are a large reason why they would stay at their company or organization. Because of the pandemic, three-quarters of workers said having benefits through their employer are “now more important than ever before.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.