In the U.S., the outstanding balance is $1.75 trillion in student loan debt. Approximately 55% of students from public four-year universities have student loans, with a balance of $37,338 owed per borrower. Beginning in October, workers nationwide will need to resume payments on their student loans for the first time since March 2020. The pandemic-related […]
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For millions of Americans, the end of the year is open enrollment season – a yearly opportunity to take stock of your health care needs and select the health insurance plan that works best for you. It is a window of time – typically in the fall – when you can sign up for health […]
If your church is like many others, it probably has a limited budget, the staff is busy with ministry activities and it is difficult to take on additional responsibilities. This can be an issue when it comes to risk management, improving safety for congregants and enhancing your facility’s security. Over the last several years, the […]
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Benefits Breakdown September 2023
2024 Open Enrollment: The Power of Early Preparation With the 2024 open enrollment season fast approaching, employers have an opportunity to develop attractive benefits offerings and proactively communicate with employees to win them over. Early preparation can help show employees they’re valued, convince top performers to stay in their current positions and attract new talent. […]
Health care costs are expected to grow 7% in 2024 due to rising pharmaceutical expenses driven by specialty drugs and insurers increasing rates in response to inflation, according to an annual report from professional services firm PricewaterhouseCoopers (PwC). This trend is higher than 2022’s and 2023’s projected medical cost rates, which were 5.5% and 6%, […]
Did you know that in 2017 the American Medical Association and the World Health Organization recognized infertility as a disease? Approximately 17.5% – roughly one in six couples– are affected by infertility in the U.S. As societal norms and employee expectations continue to evolve, companies are recognizing the importance of offering comprehensive benefits packages that […]
As church leaders, staff, volunteers and members, it is hard to imagine a religious facility being a prime target for criminals. Churches are seen as sacred and safe, and the thought of a crime, such as theft, taking place on church property is uncomforting. Theft in your organization could range from church property to offerings […]
Strategies for Identifying and Resolving Gaps in Benefits Offerings Identifying gaps in benefits offerings can be complex, as it requires a careful assessment of employee preferences, trends and organizational resources. However, this task is vital; benefits offerings can lead to increased employee engagement and satisfaction. Consider the following strategies for identifying and addressing these gaps: […]
Health insurance may not be the most exciting thing to shop for but it’s one of the most important things that you can buy for yourself and for your family. Having health insurance has many benefits. It protects you and your family from financial loss in the same way that home or car insurance does. […]
With health care costs on the rise, it’s more important than ever to take responsibility for your medical care choices. Asking questions and researching your options are good ways to start taking control of how much you spend on health care. Becoming an educated healthcare consumer is important for making informed decisions about your health and […]
