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Health Insurance Premiums Jump 7%, Intensifying Financial Strain On Workers

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According to the latest KFF annual survey , employer health insurance premiums rose by 7% for the second consecutive year, marking a growth rate not seen in over a decade. Looking ahead, health insurance costs are expected to rise again in 2025, driven by multiyear contracts that lock in prices for health services.

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How to Create a Budget: 6 Steps to Get You on the Path to Financial Security

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According to a Gallup survey , only one in three Americans prepares a detailed household budget. And if you’re not a recent grad but someone who just wants to get those dollar signs situated, a budget’s a budget—it doesn’t discriminate, and everyone should have one. That’s a big red flag—you need a budget.

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The 8 Biggest Financial Mistakes to Avoid in Your 60s

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In the process, many miss out on travel, hobbies or experiences they wish to pursue because their health declines too much, Rassam says. Financial planning aims to determine “the number” people need to cover their long-term expenses, health care and goals. And that’s a really scary experience.”

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How Financial Wellness Programs Can Benefit Employees and Employers

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Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. As with benefits focused on mental health, interest in financial wellness has increased since the onset of the pandemic, he adds.

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3 Steps to Take Before Going Into Business for Yourself

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Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. According to the Bureau of Labor Statistics , the average employer paid “78% of medical care premiums for single coverage plans” in 2021, which is a nice perk. If you’re struggling to save money, take a look at your budget.

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Our Guide to Health Insurance for the Self-Employed

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If you’ve recently decided to pivot to full-on self-employment , you might have one question: What am I going to do about health care? A 2021 Gallup poll found that 1 in 6 Americans stay in jobs they don’t find fulfilling just to keep their health insurance. Health care brokers don’t charge you.

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Want to Retain Your Team? Offer Financial Well-being Programs

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77% of employees say financial stress is affecting their mental health, and 52% said it’s impacting their physical well-being. . 77% of employees have said it’s affecting their mental health, and 52% said it’s impacted their physical well-being. Employee financial stress is at an all-time high, according to HR Morning.

Finance 291