Picwell Blog

Picwell Insights: Who Enrolls in Supplemental Benefits (and Who Should?)

Oct 21, 2022 11:05:02 AM / by Picwell posted in Open Enrollment, Benefits Decision Support, HR Tech, employee benefits, empower wise choices,, supplemental benefits, voluntary benefits, risk aversion, financial wellness

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As we covered in our last blog post, supplemental benefits can be an important part of an employee's total benefits package. According to the most recent Aflac WorkForces Report, “more than half, 51%, of all American workers view supplemental benefits as a core component of a comprehensive benefits program,” and, while only about one-third of employees had access to supplemental benefits through their employers, most employees stated that the need for supplemental insurance has been increasing.

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Picwell Insights: Making the Case for Supplemental Benefits

Oct 18, 2022 8:00:00 AM / by Picwell posted in Benefits Decision Support, employee benefits, empower wise choices,, supplemental benefits, voluntary benefits, hdhp, financial wellness

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In this era of financial instability it is more important than ever for your organization to provide a well-crafted benefits package. And this includes more than just health insurance. Supplemental benefits have begun to take center stage during benefits enrollment, and for good reason. In this article, we’ll review exactly what supplemental benefits are and how they can help employees further protect themselves against risk while saving them money in the process.

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Picwell Insights: The Role of “Capacity to Pay” in Employee Benefits Decisions (Part 2)

Sep 27, 2022 8:00:00 AM / by Picwell posted in Benefits Decision Support, Health Insurance, employee benefits, health savings account, empower wise choices,, risk aversion, financial wellness

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In our last post, we covered the concept of employees’ “capacity to pay” for unexpected medical bills. As many as 40% of employees would not be able to afford a surprise medical bill of $1,000 or more, and, given this result, it's important for employees to consider their financial preparedness for unexpected costs when choosing benefits. 

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