Have you ever felt that pang of envy when you hear about the amazing benefits your friends or family members enjoy? You're not alone. According to a recent study*, 59% of U.S. workers experience "benefits envy," a modern-day form of FOMO that leaves us craving better coverage and support for our healthcare needs.
But what if I told you there's a way to turn that envy into empowerment? It's called the "magic trifecta" of benefits – medical, maternity, and mental health care. Let's dive into each of these areas and discover what employees are truly seeking.
Medical:
When it comes to medical benefits, the key to satisfaction lies in feeling financially protected. This means having a plan with minimal out-of-pocket expenses. Shifting costs onto employees might lower overall expenses, but it often leaves them feeling financially strained. Beyond deductibles, it's crucial to consider the costs of specific drugs and procedures, ensuring employees can access the care they need without breaking the bank.
Maternity:
For many working women, maternity benefits extend far beyond healthcare coverage. They encompass paid family leave, supportive return-to-work protocols, child care assistance, breast milk storage options, and more. Employers who provide comprehensive maternity support earn immense loyalty from their employees. Even if budget constraints limit standalone maternity solutions, companies can explore policy adjustments to offer flexibility during these critical life stages.
Mental Health:
The conversation around mental health benefits goes beyond basic Employee Assistance Programs (EAPs). A robust mental health plan should include inpatient coverage, affordable outpatient copays, extended counseling sessions, and flexibility for needed time off. Companies can promote well-being by fostering a supportive environment and encouraging open discussions about mental health challenges.
These three pillars – medical, maternity, and mental health benefits – form the coveted trifecta that alleviates FOMO and instills confidence in employees. By prioritizing these areas, employers enhance their benefits package and demonstrate a genuine commitment to their employees' holistic well-being.
*https://www.hrdive.com/news/magic-trifecta-employee-benefits/709907/
