The financial concerns of paying for unexpected medical bills, and potentially future doctors' visits, can mount and create a chain reaction that may negatively impact an employee's health.
Employees today are strapped for cash. Research shows that 40 percent of adults don't have the finances to cover an emergency expense over $400. For these individuals, unexpected medical bills could be catastrophic. This strain is affecting more than just their checkbooks; it may also impact how they recover from an illness or injury.
As health care costs continue to increase and the financial burden weighs on employees, organizations must find creative ways to address these concerns. Some disability carriers are responding to this challenge, and adapting their plans to offer physical and financial wellness resources. As a result, employers can get more out of their benefits programs and provide a holistic approach to support employees' unique situations.
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