Financial wellbeing programs are becoming part of the “mainstream strategy” for most companies, as employers realize that these programs can solve for employees’ productivity, physical and emotional health, and other financial stressors. Financial stress affects a lot of people. A recent PricewaterhouseCoopers study showed: 52% of employees are stressed out about dealing with their financial situation. 45% of employees say that financial matters cause them the most stress in

Overall, lower-wage earners are opting for higher-cost PPOs, according to the second annual State of Employee Benefits report from Benefitfocus. However, this trend is not taking place among millennials. The report shows that millennials are instead adopting high-deductible health plans (HDHPs) at a higher rate than other generations. The contrast in plan selection between generations might suggest that employees need guidance on how to select a plan that complements their fi

Low-wage employees are less likely to enroll in a high-deductible health plan (HDHP) than higher-wage employees, according to Benefitfocus’ State of Employee Benefits report. The risk of large, unexpected medical bills is a major concern. Today companies are offering employees more choice in health care benefits. The two most popular options are a traditional PPO plan and a HDHP plan. With an HDHP, employees have a much lower premium than a PPO. However, they have to pay more