Federal Health & Welfare Updates

NFP US Benefits Trend Report 2024

Download the full report below

Trends in Employee Benefits: Key Takeaways

Employers are facing new challenges with legislation and ballooning costs.

65%

of employers see price transparency as a challenge.

 
18%

of employers see price transparency as an opportunity.

 
76%

of employers report that it is either very or extremely important to establish a best practice fiduciary policy and practice in 2024.

 
21%

of employers plan on increasing their benefits budget by at least 10%.

76%

of employers are concerned about increasing pharmacy costs. However, 31% do not use a pharmacy consultant.

Employees are struggling with stress and the current economic environment — and employers have an opportunity to better support them.

33%

of employees report feeling distracted at work by non-work issues.

 
58%

of workers are interested in mental fitness programs such as resiliency training or meditation programs.

 

Employees need lower cost options that meet their needs, and more support in choosing benefits.

42%

of employees feel their benefit offerings don’t meet their needs well.

 
37%

of employees do not feel confident in their ability to select the benefits that best meet their needs.

 
56%

of employees note that economic concerns will impact their benefits decisions.

 
38%

of employees feel that economic concerns will cause them to choose a lower-cost plan.

 
50%

of all employees have $1,000 or less in savings to cover the cost of unexpected expenses.

 
 

Documents to download

PPI Benefit Solutions does not provide legal or tax advice. Compliance, regulatory and related content is for general informational purposes and is not guaranteed to be accurate or complete. You should consult an attorney or tax professional regarding the application or potential implications of laws, regulations or policies to your specific circumstances.

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