Unveiling the Power of Employee Benefits and Wellness in 2023

In the ever-evolving landscape of employee benefits and wellness, organizations face new challenges and opportunities in promoting the well-being of their workforce. As we navigate the year 2023, it is crucial for employers to address the pressing issues that impact employees, ranging from pharmacy benefit coverage to leave policies, data analytics, layoffs, and mental health support.

Check out the May edition of Employee Benefits & Wellness Excellence for insightful articles that focus on how employers can foster a culture of transparency, support, and holistic wellness, benefiting both employees and the organization as a whole.
 

Employers and brokers are facing a lack of transparency in pharmacy benefit coverage, leading to uncertainty about costs and value.

Traditional pharmacy benefit managers (PBMs) often utilize practices that increase plan costs, such as rebates and spread pricing. To empower employees and improve healthcare outcomes, organizations must realign incentives and adopt transparent pharmacy benefit solutions, according to Andrea Pickett (Chief Customer Officer, Prescryptive Health, Inc.) in her article, 3 Ways Employers And Brokers Can Drive Transparency.

In his article, How Understanding FMLA Basics Can Help Employers Avoid Common Mistakes, David Setzkorn (Senior Vice President and National Practice Leader, Hub International) outlines how navigating the intersection of company leave policies and Family and Medical Leave Act (FMLA) provisions can be challenging, leading to costly mistakes.

The Unexpected (Healthcare) Benefits Of Data Analytics article by Dr. Kryijztoff Novotnaj (Chief Clinical Informatics Officer, Hub International) highlights how organizations can utilize data analytics to find cost-effective health plans that meet employee needs to combat soaring healthcare costs.

With May being Mental Health Awareness Month, there is no better time to recognize the importance of prioritizing and addressing mental health in the workplace. In today's dynamic and challenging work environment, the well-being of employees plays a pivotal role in their overall morale, satisfaction and productivity. However, societal stigmas often hinder men from seeking help, resulting in tragic outcomes. To shed light on this issue, we bring you an exclusive interview with Sean Hayden, a veteran actor, and CEO of Haywood Productions, who experienced a personal mental health crisis and became an advocate for men's mental health. In addition to this insightful interview, we have included a couple of other articles focused on mental health issues. These articles provide valuable guidance on supporting and addressing mental health in the workplace, ultimately fostering a healthier and happier workforce.

We trust that the articles featured in this edition are useful and informative, and we appreciate any feedback or suggestions that you may have.

Happy Reading!