Credit: Katarzyna Bialasiewicz/Photographee.eu/stock.adobe.com
Although employees weigh a number of factors when making benefits decisions, cost remains the overriding factor.
"It's clear that inflation is really having a long-term impact on Americans' sense of financial security," said Kerry Sette, vice president of consumer insights and research for Voya Financial. "Although inflation has leveled off, deflation has not really occurred. We aren't keeping up with those already high prices. Many people are putting off health care, especially in high-deductible health plans. As an industry, we need to be concerned about what that means for the future of health care costs if they are delaying much-needed health care today."
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