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Despite the influx of new wellness apps and employee benefits, workers are still struggling — to the point that they need to take a medical leave of absence.
According to mental health services provider ComPsych, mental health-related leaves of absence have increased by 300% between 2017 and 2023; by 2024, they increased by 22%, with one in ten of all leaves of absence now due to mental health. Notably, employees who need this time off aren’t guaranteed full pay.
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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Brokers can model ICHRA versus group plans and benchmark contributions against various metal tier plans such as gold plans.
As healthcare expenses approach double-digit increases, employers are looking for savings in waste, care delivery, and plan administration before cutting benefits.
From emergency savings to retirement and AI-powered advice, employers are rethinking financial wellness as workers struggle to keep up with rising costs.
Incorporating technology into the benefits selection process frees up time and energy better spent on human-centric areas of support.
Organizations could face low engagement and high turnover due to rising burnout and stress if employees continue to feel deprioritized.
