Caregiving and pet insurance top Goldman’s list of must-have benefits in 2023

Published 2 Min Read

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With open enrollment season on the horizon for many employers, there’s no better time to reflect on this year’s benefits offerings and ask, is your company staying competitive or has it fallen behind?

Goldman Sachs Ayco, a wealth management firm for employers, released its 2023 Benefits and Compensation Trends in Corporate America Report, noting what benefits have emerged as must-haves in the last three years among their own clients. 

According to Goldman Sachs Ayco, nearly 40% of their clients absorbed increases in health plan premiums, while 55% increased premiums and just under 5% lowered premiums. Given that global advisory Willis Towers Watson predicted rates to increase by 6.4% in 2023, it’s not surprising that a majority of employers either didn’t choose or couldn’t financially take the full loss. Still, Barber points out that almost half of companies did try. In fact, 10% of their clients switched to different carriers in hopes of finding better rates.

Read more: These benefits combat money stress and help employees get ahead

Deanna Cuadra
Senior Reporter

Deanna Cuadra is a senior reporter at Employee Benefit News. Her work covers healthcare, U.S. policy and reform, challenges faced by women and parents in the workplace and innovation in work culture … Read full bio


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