Consumer Driven Health Care

With health care costs rising and obesity-related conditions impacting workplace productivity, employers are increasingly forced to weigh their options: accept the loss of coverage and its consequences or explore new ways to support employees.

"These leadership changes create a sharpened structure to build upon our strengths for continued growth, enhance our customer focus and deliver even greater value for those we serve," Chairman and CEO David M. Cordani said.

The nation’s collective credit card debt expanded to $1.35 trillion in 2024, after U.S. consumers added $74 billion in credit card debt during the year.

For the first time in the survey’s seven-year history, 401(k) plans tied with dental insurance as the second-most important benefit to employees.

“The 'pink tax’ is traditionally defined as the practice of charging women more than men for identical goods and services, from razors to dry cleaning,” the GoodRX report said.

“Coverage of GLP-1s is not necessarily in-your-face obvious. It leads to the conversation of whether we want to pursue weight loss through drug products or something like a wellness program," said Zak Kornblum, Pharm.D., pharmacy clinical director for Marsh McLennan Agency.

Although it may feel premature to start preparing for the next OE season, now is the best time to implement new technology.

The decline in HDHPs is evidence that employee health care is at a crossroads, one that benefits advisors must navigate carefully if they hope to succeed in a fast-evolving landscape.