Building A Better Employee Benefits Package

Employees have increasingly come to look to their employers and employee benefits components in order to address many of the challenges they encounter in their lives, both professional and personal. 

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Despite this trend, however, there are still several ways in which employees across the country remain largely unprepared for potential obstacles they may find themselves facing that may greatly affect their ability to continue their current life and/or career trajectory. 

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For example, even though 1 in 4 US employees will experience disability prior to their intended retirement, only about 42% of employers even offer short term disability insurance, and that number shrinks to 34% for employers offering long-term disability plans among their voluntary employee benefits package.

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Similarly, even though almost two-thirds of bankruptcies in the US are the result of medical debt, almost two-thirds of companies still do not offer any sort of hospital indemnity insurance that could better help guard against the financial ruin that can often accompany extended hospital stays unrelated to the medical outcome.

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