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While healthcare complexity is nothing new, a 2021 study from Quantum Health underscores the significant, negative effects on program participants and the employers who fund these complex group medical employee benefit programs. Healthcare Challenges Cause Declines in Well-being.
EBHRA - allows employers who offer a group health plan to set aside funds to reimburse employees for out-of-pocket medical expenses and premiums for benefit coverage. This enables eligible businesses to take advantage of an affordable way to offer healthcarebenefits to their workers.
Health Savings Plans : Offer health savings accounts (HSAs) or other financial wellness programs that help employees save for medical expenses, promoting long-term financial security. Healthcarebenefits emerged as the top priority, followed closely by flexible work hours and additional vacation days.
“PeopleStrategy understands the need for today’s employers to go beyond traditional medicalbenefits to remain competitive in the war for talent.” To learn more about the PeopleStrategy / New Benefits partnership, stop by Booth 409 at the Benefits Forum & Expo at the Wynn in Las Vegas on September 25 – 27, 2019.
. - 78% of employees consider benefits very important when deciding whether to accept a job offer, showcasing how critical benefits are in attracting talent. - 69% of employees would choose one job over another if it offered better benefits, emphasizing the competitive advantage that comprehensivebenefits packages provide. -
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