INSURICA Employee Benefits Insights

The burden of paying for healthcare benefits has grown substantially for many employers. As the average expense for employee healthcare is projected by the Society for Human Resources Management to increase by 6.5 percent in 2023, surpassing $13,800 per employee, businesses of all sizes struggle to balance their budgets while ensuring their workforce remains healthy and productive.

As the retirement crisis looms, experts are exploring innovative solutions to ensure a secure financial future for America’s workforce. One such solution is a return to pension plans, which could provide the stability and affordability employers and employees seek.

Recent data reveals a troubling trend: employee satisfaction with workplace benefits has reached its lowest point in a decade, falling to 61 percent in 2023 from 64 percent in 2022. As employers navigate a rapidly changing landscape marked by inflation, mental health challenges, and ongoing pandemic-related issues, employees are calling for more comprehensive support. Experts argue that a re-evaluation of employee benefits, grounded in data-driven insights, is necessary to address these concerns and bolster workplace satisfaction.

A rising number of mass shootings have been reported across the United States in recent years, with a significant increase in 2023. These tragic events considerably impact employees’ mental health, making it essential for employers to offer support in these challenging times. Experts emphasize the importance of providing resources and assistance to maintain a mentally healthy workforce

As a full-service insurance agency, we are committed to delivering tailored solutions with thoughtful strategic planning, valuable professional services, and technology-based solutions that result in sustained client satisfaction.

We provide solutions for:

Commercial Business | Small Business | Personal Insurance 

Our customers have unparalleled access to unique coverage and risk management programs — all delivered through a local agent relationship.