Ben Franklin on US currency wearing mask (Photo: Shutterstock)

The Integrated Benefits Institute (IBI), a non-profit research and educational organization focused on workforce health and productivity, estimates that the cost associated with the loss of work hours because of COVID-19 is $213.1 billion ($167.4 billion in the first year and $45.7 billion in the second year). The number of lost hours attributed to the pandemic was 6.6 billion hours (5.2 billion in the first year and 1.4 billion in the second year).

“Historically, employers have measured the financial impact of medical and pharmaceutical claims to measure the success of the benefits administration,” notes Carole Bonner, researcher. “However, the pandemic has shone a spotlight on productivity, absence, and the costs not only of COVID-19, but also to the costs related to those absences. This study helps to better understand the loss of productivity and the recovery of the various sectors.”

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

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

  • Critical 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 events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

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

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

Already have an account? Sign In Now
Join BenefitsPRO

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