Stethoscope and dollar sign (Image: Shutterstock)

Employers were forced, during the pandemic, to rapidly transform benefits packages. HR departments realized public sentiment had shifted towards meeting worker needs for improved, next-generation benefits; these included options to work remotely, a better work-life balance, or finding a position with better offerings of flexible hours as pay or benefits.

An estimated 157 million workers rely on employer-sponsored health benefits — far in excess of any other form of coverage. Recent reports show that employee-sponsored health premiums rose 22% across the past five years and 55% over the previous 10. Health spending in total is estimated to reach as high as $15,500 per employee and $22,000 per family.

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?

 

BenefitsPRO

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.