Employee Benefits

Bad Data Can Cause Big Problems for Employee Benefits

UPDATED ON
May 15, 2023
Mployer Advisor
Mployer Advisor
— Written By
Print Friendly and PDF

About half of Americans have come to rely on employee benefits for many of the services their families depend upon, first and foremost healthcare, which means the stakes are fairly high when it comes to delivering on the promise of those benefits. 

Despite those stakes, nearly half of all employees who have these benefits have found themselves frustrated and unable to actually use them as intended when they were actually needed, and about 40% of employees who experienced problems utilizing their employee benefits could trace the problems they encountered directly to data issues that inhibited their access to care or caused billing and/or coverage issues. 

You can read more about this topic here.

Want more insights on how your employee benefits compare to companies in your region, industry, and similar employer size?
Download Your Custom Benefits Report Now
See How Your Employee Benefits Compare

Next Up

Federal Court Ruling May Put Millions of US Companies In Breach of ERISA Fiduciary Duty
A Texas court ruled that American Airlines breached its ERISA duty of loyalty by failing to properly oversee BlackRock’s ESG-driven investment decisions. The decision could put millions of employers at legal risk if upheld. Are ESG investments in retirement plans now a liability?
The Employment Situation for February 2025
The latest economic release from the Bureau of Labor Statistics reports that the U.S. job market added just under 150 thousand jobs last month while unemployment ticked down one-tenth of a point to 4% to close out the last such economic report with data collected under the Biden administration.
Are Centers of Excellence On the Decline?
Centers of Excellence (COEs) may have peaked. While mid-sized employers increased adoption, the largest companies are scaling back. Is this a temporary dip or a shift in employer healthcare strategy?