Wellness

A third-party administrator advises employers on factors to consider before switching from traditional insurance.

Innovative advisers are driving two disruptive benefits trends that both improve the quality of care and reduce year-over-year healthcare costs.

Currently, less than 8% of the American population has been vaccinated against COVID-19, according to the Centers for Disease Control and Prevention.

“We recognize that we did not adequately acknowledge the epidemic unfolding in our communities or the terrible impact of opioid misuse," McKinsey said on its website.

It's even more difficult for an employer to know when employees are facing difficult health problems and connect them with the benefits and resources that can help them.

Holiday stress, political uncertainty and COVID-related financial challenges all contributed to the decrease in employee well-being at the end of 2020.

Traditional PBMs shroud their compensation and drug costs.

Initial vaccine distribution largely hinges on place of work, prioritizing health care personnel, long-term care facilities and then other essential workers such as teachers, grocery store workers and firefighters.

Employers need to make workplace accommodations and offer financial planning benefits to support this population.

Employer priorities haven’t changed much in the new year; solutions to reduce healthcare costs and mental health services are still in demand.