A KFF analysis found that $1 of every $4 in the federal fiscal year (FY) 2024 (Oct. 1-Sept. 30) was used to pay for health programs and services. The government spent $1.9 trillion (27%) on health care programs and services, while other large spending categories included Social Security (21%), national defense (13%) and interest payments...
In today’s competitive labor market, offering the right benefits package can make all the difference in attracting and retaining top talent. While employers often focus on benchmarking against industry standards or following trends, one of the most effective tools for building meaningful benefits programs is something much closer to home: employee feedback. Why Employee Feedback...
Health care costs in the United States are likely to increase by 7%-8% in 2025, marking multiple years of compounding costs. As 2025 begins, many employers remain curious about what is driving these increases. Here are key factors that will impact rising health care costs: GLP-1 Drugs Although initially approved as Type 2 diabetes treatments,...
Open enrollment is a critical period for both employees and employers. It’s the time when employees can make important decisions about their benefits, which can significantly impact their health, financial well-being and overall job satisfaction. However, many employees rush through this process, missing out on opportunities to optimize their benefits. In fact, a Voya Financial...
Voluntary benefits, such as vision, dental and life insurance, are additional benefit options offered by an employer. Unlike traditional benefits like health coverage, employees are responsible for paying for most or all of these voluntary options. Advantages of these benefits include: Contact us if you have questions about available voluntary benefits. Article Published By: Zywave,...
The job market remains highly competitive as employers work to attract and retain today’s top talent. With the 2025 open enrollment season around the corner, employers have an opportunity to develop attractive benefits offerings and proactively communicate with employees to win them over. Early preparation can help show employees they are valued, convince top performers...