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Unlocking the Power of Employee Benefits
Becky Seefeldt
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.
ICHRA is paving its own way in the benefits landscape, but they also have a number of similarities to HSAs. What can we learn from HSAs and what is next for ICHRAs?
An effective benefits communication strategy takes an ongoing communication approach which incorporates required notices, reminders, enrichment opportunities, and life stage personalization to create a comprehensive approach.
Understanding and maximizing your benefits can make a significant difference in your overall well-being and financial health. By taking the time to inventory your benefits, understand their rules, and stay organized, you can make the most of what’s available to you.