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The health care and employee benefits industries have faced a number of obstacles and challenges in recent years. As we slowly emerge from the pandemic, benefits advisors and their employer clients will once again need to adapt to a new landscape. From price transparency and rising health care costs to adopting new technologies and creating inclusive benefits packages, success in this changing environment will require adaptability and innovation.
The demand for voluntary benefits has been growing for years, but COVID-19 and the events of the past year provided clear evidence that employees need more access to diverse benefits options. While a growing number of employers and benefits advisors have tested the waters of voluntary benefits in recent years, we're now entering an era where truly customized benefits packages are a must for employers who want to remain competitive.
Benefits advisors and their employer clients are increasingly seeking information and guidance about offering financial wellness plans to their employees. Financial wellness can encompass many things, from financial education to voluntary products to budgeting and financial tools and more. This special report covers financial wellness from many perspectives, providing insight and strategies to help in the decision-making process.