Voluntary Benefits Trends in 2016

BENEFITS UPDATE 2016 FORECAST: TRENDS IN VOLUNTARY ΒEΝEFTS CUSTOMIZATION Carriers, brokers, and employees will look deeper into how employees buy voluntary benefits. Analysis will go beyond usual demographics like age, sex, income; and will now consider factors such as lifestyle, housing, and more. FINANCIAL WELLNESS Financial education, financial counseling, and employee purchase programs will become more common as methods to help employees cope with financial burdens and develop good habits. BIG DATA ANALYSIS BIG DATA may sound scary, but it's actually helping employers offer more relevant benefits to their employees, rather than continuing with a one-size-fits-all program. Expect analytics to influence more and more companies benefit programs going forward. TECH-INTEGRATION ONLINE + MOBILE WEARABLES PLATFORMS Engagement The increasing integration of technology with benefits has increased employee engagement. Access The numerous portals, both online and mobile have increased access The wearable trend is driving the for employees and HR representatives, making information easier to find and improving understanding of benefit offerings. concept of wellness, and will affect an increase in desire for corporate wellness programs. Information sourced from BenefitsPro | www.BenefitsPro.com AUSTIN BENEFITS GROUP Original Article: Elizabeth Halkos | Infographic: Austin Benefits Group