The 2023 Employee Benefit Research Institute (EBRI) survey highlights the increasing value of financial wellbeing programs in the workplace. As an employer, if you’re contemplating integrating a program like medZERO, a service that offers employees a spending account specifically for healthcare expenses, here are five compelling reasons drawn from the survey’s insights:
Introduction In 2023, the Commonwealth Fund conducted an extensive survey shedding light on the financial burdens that many Americans face when it comes to healthcare expenses. The report, titled “Paying for It: The Costs of Debt Leave Americans Sicker and Poorer – 2023 Affordability Survey,” (released October 2023) reveals the stark reality of healthcare affordability in the United States. In this blog post, we’ll provide a summary of the key findings and implications of this survey.
Paying for It: The Costs of Debt Leave Americans Sicker and Poorer READ MORE →
As an employer, you understand the importance of providing your employees with good healthcare benefits. You likely invest a significant amount of money into these benefits, including coverage for medical care, dental, vision, medications, and preventive care. Despite these efforts, your employees may still face high out-of-pocket costs for medical care, which can lead to financial stress and impact their satisfaction and retention. It’s important to be empathetic and understand that even the best healthcare benefits may not cover all costs, and employees may still need help paying for medical expenses.
Already Have Great Benefits? Why Your Organization Should Offer medZERO. READ MORE →
In today’s job market, employers are always looking for new ways to attract and retain top talent. One strategy is to offer a range of benefits that can help employees manage their finances and improve their overall quality of life. Two popular benefits in this area are medZERO and a lifestyle spending account (LSA). In this article, we’ll explore the advantages of each benefit and explain why medZERO may be a better choice for employers looking to support their employees’ healthcare needs.
medZERO or a Lifestyle Spending Account. Which is Better for your Employees? READ MORE →
Midvale, Utah–based Savage is a privately held, global provider of industry infrastructure and supply chain services for industries including agriculture, energy, chemicals, and manufacturing. The company has about 4,000 employees across more than 200 locations.
medZERO Insights. Mercer published an update to its “Inside Employees’ Minds” study which focuses on understanding the root causes of high turnover and how employees’ needs and wants have shifted over the past year
Mercer Study Reports 68% of Employees Face Challenges Accessing Healthcare Due to Cost READ MORE →
People delay getting the care that they need for a wide variety of reasons—but whatever their reasoning, rising rates of deferred care is both a symptom and a cause of a struggling system.
How Much Deferred Healthcare is Costing the U.S. Economy READ MORE →
Healthcare benefits are incredibly important to American employees, as a staggering 49% of workers receive healthcare through their employer. But there’s a wide variety of the types of healthcare that employers offer their workers.
5 Types of Healthcare Benefits That Boost Employee Retention READ MORE →
Anyone who’s ever lived paycheck to paycheck knows the effect that chronic financial stress can have on your life: increased anxiety, loss of focus, inability to sleep, and even physical pain.
The True Impact of Financial Stress on Employee Productivity READ MORE →
How does this suddenly very high rate of inflation affect the healthcare industry? And might current inflation affect related fields?
How Inflation Impacts Healthcare Costs READ MORE →
