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Health Insurance Premiums Jump 7%, Intensifying Financial Strain On Workers

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According to the latest KFF annual survey , employer health insurance premiums rose by 7% for the second consecutive year, marking a growth rate not seen in over a decade. Looking ahead, health insurance costs are expected to rise again in 2025, driven by multiyear contracts that lock in prices for health services.

Health 264
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How to Create a Budget: 6 Steps to Get You on the Path to Financial Security

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According to a Gallup survey , only one in three Americans prepares a detailed household budget. And if you’re not a recent grad but someone who just wants to get those dollar signs situated, a budget’s a budget—it doesn’t discriminate, and everyone should have one. That’s a big red flag—you need a budget.

Budget 279
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How Financial Wellness Programs Can Benefit Employees and Employers

Success

Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. A financially content, non-stressed employee stays at their employer longer,” he says. “We Such benefits can yield significant results.

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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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High financial stress among employees, including those with high incomes, can lead to mental and physical health impacts, which cost businesses in lost productivity. Employees suffering from financial stress are more likely to experience symptoms of depression, anxiety, and other mental health disorders.

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8 Dimensions of Wellness: A Comprehensive Guide to Optimal Well-Being At Work And Home

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By gaining a clear understanding of these areas, workers will see a clear path to maintaining their overall health. Emotional wellness is about understanding and respecting your feelings, learning how to express them appropriately, and developing coping strategies for stress and challenging situations.

Health 312
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Want to Retain Your Team? Offer Financial Well-being Programs

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77% of employees say financial stress is affecting their mental health, and 52% said it’s impacting their physical well-being. . Employee financial stress is at an all-time high, according to HR Morning. 77% of employees have said it’s affecting their mental health, and 52% said it’s impacted their physical well-being.

Finance 290
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Programming Strategies For A Happy Workplace

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Stigmas around mental health have started to dissolve as awareness and support takes center stage. Solutions across companies vary based on budget, size, and location. Need a place to start with your organization? Exercise has a variety of physical and mental health benefits.

Budget 306