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According to a new report from SureCo, employers should consider diversifying their health benefits to improve employee satisfaction and retention. The 2024 State of Employee Health Benefits report surveyed employees, HR and finance leaders, and benefits consultants at companies with 150-2,500 employees. Here are some of the key findings:
- 6 in 10 employees would leave their current company for one with better health benefits
- 42% of employees said they would rather receive better health insurance than a raise this year
- 49% of workers delayed or avoided preventive care or medical treatment due to concerns that it wouldn’t be covered
- 8 in 10 employees prefer to select their plan from all available options instead of a company’s few options
- 38% of people are looking for a job with better benefits
Employees indicated that the most important health insurance factors are costs (premiums, deductibles, and copays), covered services (such as mental health, fertility treatment, weight loss medication, and gastric bypass), and in-network providers and facilities.
Employer Takeaway
Workers today seek more than basic health benefits; they desire choices and flexibility to address their healthcare needs. Employers should consider alternative benefit models to meet these evolving preferences and monitor workers' desires to adjust their strategy accordingly. Download the bulletin for more details.
