How to Improve Voluntary Benefit Communications
Over the past year, 52% of employers have sought to improve employees’ well-being by expanding voluntary/employee-paid benefits. There is no question that employees value these benefits:
Job Seekers Are More Likely to Choose an Employer That Offers Voluntary Benefits
Seventy percent of employed individuals who are benefits-eligible are more likely to work for an employer who offers employee-paid voluntary benefits, according to a survey by Voya Financial. However, only 49% took advantage of voluntary benefits offered by their employer.
Employers Are Taking a Closer Look at Mental Health
Employee mental health has taken center stage as one of today’s top HR priorities with nearly all companies identifying stress and burnout as a threat to workers, according to a survey by Willis Towers Watson (WTW),
How Members Can Save With Delta Dental’s PPO/Premier Networks
Delta Dental PPO members get access to a large core network of Delta Dental PPO dentists. They also get an additional network of Delta Dental Premier® dentists who discount their UCR fee by an average of 10% to 29%. That translates into real savings for members:
Less Than Half of Americans Have $1,000 in Emergency Savings
Only about 40% of Americans have enough savings to cover an unplanned expense of $1,000, according to a Bankrate survey. The majority explain that they are saving less due to inflation on groceries, apparel, utilities, rent, cars, and gasoline.
The 5 Biggest Employee Benefits Challenges for HR Professionals
Remote, hybrid, and flexible work arrangements have changed employees’ needs when it comes to benefits. HR professionals say that these are the five biggest employee benefits challenges they are facing today, according to a white paper by Arizent and Ameritas:
Meeting the Growing Demand for New Benefits
Seventy-six percent of employers say their employees will expect a wider variety of benefits in the future, according to a study by LIMRA and EY. Non-medical benefits are expected to grow 20% By 2026:
Group Life Sales Take Off
Group life policy sales increased 19% from 2019 to 2020, according to a recently released study by the American Council of Life Insurers. Looking at the industry as a whole, LIMRA reports an 18% increase in total new annualized life insurance premium in the third quarter. That’s the third consecutive quarter of double-digit growth. Thirty-six percent of consumers plan to purchase coverage this year, according to LIMRA.
Higher Income Workers Are More Likely to Have Voluntary Benefits
Higher-income workers are more likely to be offered voluntary benefits and more likely to enroll, according to a survey by the Employee Benefit Research Institute and Greenwald Research. The survey reveals that:
Acupuncture Reduces Opioid Use for Total Knee Replacement Surgery
Patients who have acupuncture during total knee replacement surgery report less pain and need far fewer opioids to manage their discomfort, according to a study being presented at the Anesthesiology® 2021 annual meeting. Sixty-five percent of patients who received acupuncture during surgery achieved a low-dose or opioid-free postoperative experience, compared to 9% of patients outside of the study.