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Many organizations prioritize diversity, equity, inclusion and belonging (DEI&B) programs in recognition of the value diverse talent and perspectives bring to the workplace. As many studies have shown, a team that collaboratively leverages diverse viewpoints can foster innovative approaches to business challenges and outpace competition. But many of these organizations have missed a big opportunity by failing to align their benefits packages to their employees from historically underrepresented groups.

The importance of closely coordinating DEI&B initiatives with employee benefits is critical. This alignment supports health equity and health literacy in employees – particularly considering nearly 55% of Americans receive health insurance coverage and additional health benefits from their jobs. For employers, prioritizing the health and wellbeing of their people is more than just a nice gesture—it is a smart business decision that can often result in increased employee utilization and can reduce potential health inequities.