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Employers were forced, during the pandemic, to rapidly transform benefits packages. HR departments realized public sentiment had shifted towards meeting worker needs for improved, next-generation benefits; these included options to work remotely, a better work-life balance, or finding a position with better offerings of flexible hours as pay or benefits.
An estimated 157 million workers rely on employer-sponsored health benefits — far in excess of any other form of coverage. Recent reports show that employee-sponsored health premiums rose 22% across the past five years and 55% over the previous 10. Health spending in total is estimated to reach as high as $15,500 per employee and $22,000 per family.
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