When evaluating benefits, financial analysis is crucial, but understanding employees’ diverse needs is key. This is particularly true when offering out-of-pocket health expense tools like FSAs and HSAs.
Employers can determine what matters most to employees by understanding generational make-up, utilization behaviors and employee preferences. Employers are likely to see a mix of: (1) employees that rely on funds to receive the care they need, (2) employees that spend regularly, (3) employees that are spending and saving for future expenses, and (4) employees committed to long-term investing.
Learn more about Unlocking the Power of Benefits in Forbes Business Council Post.