SOURCE: Aflac Incorporated

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Feeling the pinch

Rising health care costs are hitting both employees and employers hard. In fact, 58% of workers at small businesses couldn’t pay $1,000 or more for out-of-pocket expenses without relying on credit and going into debt if an unexpected serious illness or accident occurred today, according to Aflac’s WorkForces Report. In addition, more than half (52%) of small businesses that offer benefits say rising health insurance costs are preventing their company from increasing wages.4

While many small businesses have been hit hard, finding ways to enhance benefits packages can add value to overall compensation packages and, in turn, help attract and retain talent.

Read the full article here.

Tweet me: Rising health care costs are hitting employees and employers hard. According to @Aflac's WorkForces Report, 58% of workers at small businesses couldn’t pay for out-of-pocket expenses without going into debt if a serious illness or accident occurred. https://bit.ly/3yBR9to