|VIDEO: Stephen Pelletier, president of Group Insurance, told the audience "the financial wellness of Americans |
is at risk."
Leading benefits experts from Prudential Group Insurance, the Employee Benefit Research Institute and the American Benefits Council shared research and perspective on an increasing shift of benefits costs and decision-making to employees who have to decide between benefits that affect health, wealth or both.
“We believe the financial wellness of America is at risk,” Steve Pelletier, president of Prudential Group Insurance, told the gathering of reporters and industry experts. “Two things are absolutely clear: health care costs will continue to rise and individuals will continue to bear a greater share of those costs. The risk to financial wellness extends beyond health care into the financial protection area.”
The panel discussed the implications of new benefits research, white papers and trends as they relate to employee benefits, open enrollment, health care reform and using voluntary benefits to help ensure financial security. “There are a few megatrends, and a move toward voluntary benefits is one of them,” said James Gemus, senior vice president of Group Life and Voluntary Benefits for Prudential Group Insurance, and member of the panel. “How we offer them really makes a difference.”
Gemus was joined on the panel by James Klein, president of the American Benefits Council, and Employee Benefits Research Institute President Dallas Salisbury, who noted that “firms like Prudential are at the cutting edge of making tools available” to consumers to help them make critical benefits decisions.
Want to know more about “Health vs. Wealth”? Watch highlights from the briefing or read the news release. Want to talk to someone about “Health vs. Wealth”? Contact Sheila Bridgeforth.
The Prudential Insurance Company of America, Newark, N.J.