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and an Ra Pa ce rticipatio /Ethnicity n, of 2016 Family and 2 Hea 019 d, 2019 He of of of of He He HeEm Em Em Em alth alth alth alth ploy ploy ploy ploy Pl Pl Pl Plans ans ans ans ment ment ment ment- - - -Ba Ba Ba Based Hea sed Hea sed Hea sed Health lth lth lth Insurance, Insurance, Insurance, Insurance, 2013 2013 2013 2013- - - -2019 2019 2019 2019 Amounts for When When When FamiliThey They They es When With Wer Wer Wer Working They e e e Age Age Age Wer s s s 25 25 25 He e - - -36, 36, 36, Age ads, by by by s 2016 39 Ra Ra Ra -54, ce/E ce/E ce/E and 2019 by thnicity thnicity thnicity Incom of of of e Quart the the the Fami Fami Fami ile ly ly ly He He Head ad ad aspec popul managem ini financial medi tiativ cal Pl at tses ans and ion. empl clai and Medi w ent address ell A ms When ness oy tools sim in ers Median an il order They benef ar uniq are use Ba share the lances ue barri to Ba Wer to its. measure lances ev most say e aluate Age When ers their off s W fa ered 25 the their hen ced They company -36 ef They benef , financial by fe by Wer ct racial Ra iv W its. e has eness ere ce/E Age Fe w and ethnic put Age el w thnicity s of lness 25 are subst s their -36, 39 current ini - of 54, by antial financial groups. tiativ the Incom by ly Fami ef Incom es’ off fort e ering succe wly Quart e into e ll He ness Quart debt ss. ad ile ilor e Certificates of Deposit (CDs), 2016 and 2019 Average and Median Actuarial Value (AV), 2013–2019 st identify off udent erings. ing loan thes serv e uniq ices.ue needs. 60.0% $40,000 $$ 86 0$ $ 0 02 4 ,0 ,0 6 5 0 0 0 0 ,0 0.0 0 0 ,0 0 % 0 00 50.0% Financial Wellbeing Benefits Offered Data Source: Survey of Consumer Finances (SCF) – triannual survey from the Federal Reserve – Data Tracked to Evaluate Effectiveness of Offerings 100% Data Source: Survey of Consumer Finances (SCF)-triannual survey from the Federal Reserve-consid $ere 760,6 d 00the 100% of 3 Months of Income 75% of 3 Months of Income Average AV Median AV $25,000 30.0% $56,320 Top Fact Top ors Challeng in Measuring es in OffFin ering ancial Financial Wellness Wellness Initiativ Benef es’ Success its 46.4% 2021 Financial Wellbeing Employer Survey 7.6% Generation X Millennials • • • • • • • • • Ho Impa We fin T For 2 So T In 2 Emp o od me w a 0 a e n lo 1 ct of 25th y 0 ve sw an , 9 y d 2e , I’ll t 1 r, e rs the h a , Perc reca r h w a ly the ig the mo t e sts I7 h RS sav d enti 6 se re p d id pe p e rel often thre qu re ld n e in rce u o d g e ctib t e icte e s a stio fin n stud se ad re Medi t le d d a d q n t s d d tha u s, h g e d ie ire o an is to u d e n EBR s t id d d co the u tha a a sa in be n ve t in I ce cre t 75th le g turn ra t sh e a trod h tha a st some g o o e Perc se e e f w cas u t d me for ca dctio a t ll b o enti se e n o y tal Ma n w b l EBR e e o e h d rke f tw e AC HS a e I’s h tSca lth eA ex A n -se Prev 3 e e n an a lirvi ch g d lth ent ib a ce d a ta le re n iv 8 s g e pe se p e Cla s are arce n rch mi s Mg n to co eas h t, ca t on ures p lea ve a e b d C il r 10 o itie ov to a f the ered s 0 con % la on o rg f d a e the itio Pre st n cos -y D e in educt a rts 9-.7ible % Baby Of Boo fer m Generatio Plan n X to offer Not 1 p1 lan 2013 .6% ning to offer 82.9% Not sure 83.5% 11.8% • While Medicare helps older people pay for health care, Source of Payment for Incurred Health Care Expenses, considered the best source for wealth of American families. 13.2% be 35.0 st %1. sou Gene rce for ra wea tio lth na of Ameri l Compa can familris ies on — 20 s 19 of Vario (latest) anus d every Fina 3 yea nc rs ia be l fore Mea thasu t 201 re 6, s 2013, 2010, …. 60% of 3 Months of Income 50% of 3 Months of Income 14.9% Div Div ersit ersit y, y Equit , Equit 17.0 y, %y and , and Inclu Inclu sion sion Sentim Sentim ent ent : Und : Tailo erstandin red Benef g Needs its 17.8% 45.0% Liquid Savings Liquid Savings + CDs 2016 2019 90% $35,000 $693,677 $34,000 Basis as a Result of IRS Notice 2019-45 $35,000 2014 Noninstitutionalize 82.8% d Population of Medicare 83.1% Beneficiaries, Number of Preventive Services Covered Pre-Deductible 50.3% pre of certai ove man whi- ch rde - ag yea emp du inn me g r ctibl in con locrea y e di er di cal cove -tion ses spo servi s rag nso EBRI ha like h es; ces a red ea a su he nd s pro rt al bsta di med th sea je pl ntia cted ica an se s l tion an be d came before le tss he pla gene n’s rou de sductible 41w .7as % met $700,000 March 30 — The Three Certainties of Life: Death, Taxes Employee satisfaction $20,800 50.0% 4.2% 44% it does not cover expenses in full; patients are on the 25.3% Financial planning education, seminars or webinars Ages 65 and Older, 2019 50.0 S Stro tro % n ng gly a ly ag gree ree S So om me ewha what t a ag gre ree e Neith Neithe er a r ag gr re ee e n no or d r disag isagree ree S So om me ewha what t d d55% isag isagr re ee e S Stro tron ng gly d ly diisa sag gree ree 32% 5.8% 12% • • • T He Marke ren alth ds tScan pl inan ou actu tis a p -24. of-7% ari po rop al cket spe val rietary ues nd da rema in tab g in ase ed con $20,000 taining administrative claims data for patients with • Generations (birth years) Cost to employer Insulin a 2n .0 2015 d Oth % er Glucose Lowering Agen82.9% ts 83.0% 66% 37% Increased employee productivity 34% $50,000 45% 17.1% 25.0% The metric of interest: Sufficient emergency savings — three months 8.3 % of family income in liquid 80% di inab crea ete se s over 2020, when another study 29.2% $200,000 Craig Copeland, 40.0% $20,000 4.5% 17.0% Information for this report was collected from a 15-minute online survey with 250 3.0%full-time benefits 30.0% 7.8% and ho Updates ok for de From ductibl E es, BRI’s HS as w $4el 6,4l 9A as p 5 Database rescription Webinar drug 4W 4.9 o% rkforce retention $18,613 38% Jake Spiegel, 2016 82.9% 83.2% 60.0% 28.0% 2.Percentag Bae o sic monf Fami ey managemelie nt toos ls With Worki 50%ng Hea Bloods d Pres suHav re Monitorin 34% g Sufficien 14% t 66% $3• 0,0 • • • 0Baby 0 rema T EBRI f emp We mea he Boom lo Med rkab y ie er ld sure (1946 ica -ly spo ed re stab a su this “g nso T -1964) ruste lere rvey ove d en es he r t ero of 35 al in he sity th crea st 4 in ” ud la sura sed as a rge y pe Cost nce the ctua emp rio to ir cost pro d e ria lo mp y l loye ers val eue to ga je (AV), ction uge s a me w for heMed asu the 28% r re ica the of re yho Pa ad w op rt D much ted Tr, icare an the , a he 1% d se Med al pro th ica visi pl re an on Pa w s rt ill 3.6% $30,000 Improved overall worker satisfaction 3.4% 31% Medi 39% caid, 5% Other, 1% 42.4% $17,337 Director, Wealth 26.7% $28,000 found de ctha ision t o -mak nly 29 ers% conduc adopted ted 4in .8 the % June se ch and an Jge ulys2021. savings (checking and savings accounts and money mark 2017 et funds) 82.9% 82.4% $600,000 • • T One he t future hat le of vera emp gelo s y a co men mmerci t-based al he cla al ims da th care tabase 40% to examine trends in employer-sponsored 1.6% $27,450 Reach of 12M, inResear cluding ch diA rect cove ssociate, rage Press release reach of 15M, Your coe mx pp an e yn ’s se finas ncial wellness 25.7% Glucometer 61% 42.8% 70% • Ages in 2001 37-55 Medical claims and costs Employee discou 2.1n % t programs/partnerships 50% 35% 31% 17% Data and privacy concerns 35.0% 24% 40.0• Y %our co pa B pre Empl anm y d p a for t to n oy miu y p w ers rhe o ha ms vide costs t al s ex in so a sa crea ten fe ex pa tpre sed tien ssed by ts in 15 an cur % inte as w reste ell d in Veterans 20.3% Percentage of Families With Working Imp Benef roved e its mpResear loyee retech, ntion 2018 27% 83.3% 50.0% 83.2% 38.6% initiatives are tailored to the values 25.0% 40.0% $39,925 Emergency Savings Beta BlockHealth ers and Wealth, 54% • • he In f We loo al act, th be ked most ne at 7 y fits planea s be rs came of data, more stretchi gene ng rou ba s ck to 2013, before the impl Affaieme rs, 3% ntation of major ACA 23.2% by American Journaw l o ith f Ma cove narag gede Ca in re • sp Ga enerati ce for yoon ur eX (1965 mployees t-o 1980) 36% 43% 43% 38% 16% 15% 4% 4%47.9% 20.0% Tuition reimbursement 43% 50.0% 30% 23% 4% Complexity in implementing programs $25,000 Employee pGenera roductivity tiona 23% l Comparisons of $40,000 35% 33% 2019 83.5% 83.1% $2 a5 n,0 d 0 n0 eeds of various communities 22.3% • Ve expa ry nd few in g cove prered -de du all ctibl 14 service e coverag s an e d if they $15,000 60%• Updates from EBRI’s F EBRI SA Database What percentage of families meet this threshold by various demographic characteristics and DC • EBRI used a Monte Carlo simulation model to estimate provide feedback on their neeRed ds uced employee financial stress Hemoglobin A1C Testi 27% ng 50% EBRI Those more likely to agree with each • • T Em o illus ployters rate, c ould if a part pick ic and ular c health hoose plan from has the an 14 AV additi 20 of 80%, onal 21 c tov he Fina erages, plan 30 w .0 ould pay f% or nci instanc out al e 80% Well of the exbei pensesng of the $150,000 • Ages in 2019 21.0% 39-54 Those more likely to agree with each $500,000 • pro du A cou rin visi g pl on the e s, w st ith like ud pa ythe rticul pe ind rioarl d iviydu hial gh ex dru cha g ng exes pense and s pre wou miu ld m nesub ed $3 sid61 ies ,000 to have a 90% chance $of 22,000 in your workforce Souand rce: Em citation by plo17. yee 0% Benefit ResePL aAcademy rch In ANSPONS stitute estima teof s baO sOR, edncol on adm SHR ogy inistrati vM, e Heads Having Sufficient Emergency Personalized financial counseling, coach La in ck o g, ofr p inte lan re nst ing among employees 42% 22% 35% 20% 20.1% All respondents worked full-time at companies with at least 500 employees that were at least interested in • The More Ret Tirhing emes nt C pla han n pge, artici the patio M nore and T co hey ntri b Stay ution trhe ateSam s e: An Analysis of the Gen 32%erosity of Employment-Based Health May w me 10 ere d — ica all EB tio ow nRI M e s da to lloay wePolicy For d by the IRS um ’ guidance; a statement include: Low-density Lipoprotein (LDL) Testing 44% population covered by the plan. On average, patients would pay the enrem rollmeaini nt anng d clai20% ms data. statement include: 30% the • pro Ages ba in bi 2001 lity 21 tha -36 t individuals and couples have 2plan 0.0% participation? Worker satisfaction w/ financial wellness initiative(s) 30.0% 26% 50% $32,359 3.20 ha21 ving Fina enough nc savi ia ng l Wel s for he lb alei th ng care costs Employ in retireme er Surv nt ey Complexity in choosing programs Nurse & Patient Morn Navig in ato gsta rs r, (AONN+) and MarketWatch , Personalized credit/debt counseling, coaching, or planning Variou 33% s Fina 40.0%22%ncial 39% Me • as Thoseures with high26% concern $20,000 offe Insuran ring ce fi,nanc 2013i-al 2019 wellness programs. Respondents were required to: $20,000 2.7% • Those with high concern 30.0% 25.0% Inhaled Corticosteroids 43% 15.0% plurality covered between 4 a Ab nd sen 6 ces and tardiness • Millennials (1981-1996) 26% • • We also If ACA e did xcha no ng t es find di evid d inde ened ce in tha du t ce worke emp rs loy 2er 7.1- % sponsored 25% plans to become less generous, then Employer S Private urve y Savings enough saved to cover their health care costs in Average Actuarial Value (AV), by Plan Type, 201 $3 17 –,3 2019 27 • Those with a high number of Improved use of existing employee benefits 22% $17,000 • Those with a high number of $400,000 Complexity for employees utilizing programs 25% 21% 25.3% $30,000 •• Ra Amon Ece me/eth rge g nemp cy f nici und ty lo /E y m o ers p f loye fami w e h ho ly ardsh h die id n pa ad ssista ot ad nced pre- 31% 31% 34% 4% $10,000 Alliance NAP for A, Coan nnd ecte InsuranceNe d Care wM sNet edicare, , 59% Angiotensin Converti Insng uranc Enz ey , me 18% (ACE) Inhibitors 39% 82.1% 40% Your company ensures that your 24.1% 100% •23Be .9%employed full-time • Ages in 2019 23-38 financia 2l3w .4 e% llness benefits 78.0% 15.0% Your co sel wm e p fw - asorte nou y unld ded rsta see in nto more d he s theal HSA th - pl por le aan rticipa s’ ss tio actu n -ge andne ari con rou al tri bval us tioue n ras tesdecrease over time 25% financial wellness benefits retirement, such as premiums for Medicare Parts B 74.1% 73.4% 20.0% 20% $100,000 Imp Erove mplo dye em e a ploye ccess t e re ocruitmen services/ t initiatives NET RETIREMENT STUDENT empWORTH loyees have acce LOAN DEBT ss to PLANS 19% 22% 71.6% Statins 38% $15,0 •00Famil deductibl y income e cove Child/ rag elde, er ca the reg vast iving 7 0 b.4 emaj n % efitsority either 31% 30.0 9% 5% 36% 29% 4% $15,000 69.1% among others • Rate their employers’ initiate as 20.0% • For neenonoverl ds of your diappi stinct ng empBaby loyee Boom and 33% 35%Generation X famil 37% 48% ies, the closet 20% SC 14% F year 7% 5%is 2001, • Rat so e ages their emp 39 lo-y54 ers’ are use initiate asd. 20% $23,130 $12,707 • Have at least moderate influence on their company’s employee benefits program and selection of • Employer cost is a bigger financial co plan us; nseave lors orag r coae chAV ba es sed on worker age and 18.9% 30WEALT % H BENEFITS RESEARCH REVIEW Employee stress levels and D, Part B deductibles, Medigap Plan G, as well as 24% Selective Serotonin Reuptake Inhibitors (SSRIs) 35% 2 May 0.0% 11 — EBRI B Lack ofoar staff re d so of urce Trus s to cotees ordinateMeeting /market benefits 90% great or very good 10.0% $11,552 19% population $5,500 Incentives/gamification a Use rouo nf da sa vavi ila nb gle s a fin nd a f nina cial we ncial a llne ct ss ion in sitiatives 28% 35% great or very 33% good 4% $5,300 21% $300,000 • pl One an tto do hat sits so la at t ter, he inte or are e rsectio xplori n of he ng wal he th the an r d retirement ? Necessary income replacement is likely lower for families wi$4, th hi 999 gher incomes, as they are more likely to not challenge for those interested in • Due to frounequal m diverse b a generat ckgroundsion birth years, the same clean separation does not work between Generation X and $4,786 15.0% financial wellness offerings 10.0% • Created a score, conducted a 85% Retinopathy Screening 35% DIFFERENT Q&A DETAIL HEALTH gender did ED noBENEFI t vary INCOME FINDINGS significanTS tly THRESHOLDS RESEARCH 47.0% REVIEW • Created a score, conducted a $5,000 out-of-pocket spending on prescription drugs 15% $20,000 Integrating standalone benefits into an all-encompassing program 18% Engagement with financial wellness offerings 23% CRAIG COPELAND, EBRI $10,000 Short-term loans through payroll deduction 27% 28% https://wo wff we .eri bn ri.o grg/f41% inan fin ciaa l-n wci ella be l ing/202 w 1e - llne4% ss $10,000 20.0%Out-of-Poc$ k2 et3 , 0,600 $17,590 20% spend thei Impr rove fuldl u inc se o omes f existin eac g reh mont tirement p h lans 18% to do so Millennials, so the ages are 25-36 for this comparison. Age 25 is used because family form neeat dsion ass is ess most ment, likel exay m by ined needs assessment, examined 80% Anti-Resorptive Ther $ fi2 nap a 0n7 y c,1 ial-5 w0 ellbeing-symposium 29% • Projected Savings for Medicare Beneficiaries Need for Health Expenses in 13% Retirement programs and for those without an • Hold an executive, officer, or manager position in the areas of human resources, compensation, or 10.0% Financial wellness services offered by vendor(s) don’t meet our needs $15,000 $6,498 17% 10.0% Bank-at-work partnership with a bank or credit union data, or held employee interviews $50,000 Retirement plan loans and distributio 27% ns$14,021 26% 43% 4% 22% data, or held employee interviews JAKE SPIEGEL, EBRI $200,000 Reduced health care costs 10% 75% $13,357 $1,250 Your comp ? any h Thus, as put lsu ow bsta er nthresho tial lds of $1, fami 210 ly income are examined—75%, 60%, 18% and 50% of three months of family that age.$1,106 Moder $1, ator 127 : Brett 5.0 •% However, we did find evidence that plan International Normalized Ratio (INR) Testing 25% 8% overall strategy. 5.0% 10. • 0%Last $1y 6ea 4,68r, 3 we estimated that the amount Medicare 7% 10% Your company’s financial wellness finance. $4,332 $151,050 Buy-in by upper management 15% https://www.ebri.org/docs/default-source/ebri- $$ 5e 5 ,0 f,0 fo 00 rt in 00 to identifying the financial Payroll advance loans through the employer 26% 70% 25% 48% 10.0% • Data and privacy concerns are https://www.ebri.org/videos/default- income Use of emergency savings 18% Peak Flow Meter 25% Hammond, Research initiatives address the unique 2013 2014 2015 2016 2017 2018 2019 Reduced health care claims 18% May ge 11ne — rosi EB tyRI Res varied ba ear sed ch on Co in mmit dustry tee Meeting issue-brief/e$0 bri_ib_548_scfgencomp- Diversity, Equity, and Inclusion 5.0% beneficiaries would need to save to cover their health Compared to 2020, employee • The racial/ethnicity categories from SCF are self-identified and include White, non-Hispanic; Black/African wellness needs and inequities 34% 35% 36% 42%5% 22% 18% 6% 6% $10,000 Lack of ability/data to quantify value-add of the initiatives source/webinar- https://www.e15% bri.org/docs/default- $102,521 more likely to be an issue for 0% Fee-for-Service 82.4% 83.5% 85.0% 85.6% 86.2% 88.1% 89.7% 16dec21.p ba dfrr ?siers f fvrsn=5 a4 ce aed 3b b 2y f_ 2 many racial aDeb nd httt pm s:/a /w n wa wg .e e bm ri.o erg n/d t se ocsr/d vice efaus lt-source/fast-20% 30% 45% 6% https://www.ebri.org/docs/default-source/ebri- 0% 20% 40% 60% 80% Leader, Capital Group recruitre m pe lan ys t/ge is nera m tio on re sweli bke inaly r_01to 1922be .mp4a ?sfvrsn 0.0% sourc $ e7 /i9 nfo ,5 g5 ra0 phics/78_ig-gencom- $100,000 among you 2016 r workforce Studen2019 t loan balances 2016 2019 9% 0.0% Reduced employee absenteeism 18% facts/ff-419-gencomp- those actively implementing their American; • care G One enerat costs t H ioha n ispani Xt ga in retireme ug c; M and es illenn ho iot alsw her, nt emp de wcrea hi Glo en ch y erat ers sed consi ion Xare , bu st rea s t this p of is M scting u it le lhose enn -brieirove a f/e l s bto a con ri_races/ HM ib_d 5 O 4/EPO 2to _hG saet en estan m erat hni ployie oci rs n tly uX t r-ies -cha not defined ng Milin lenn g iareg ls iul n ato the Gen ry te hree p ren ationviro X rior nme cat M nt ilegories, lennials 89.7% 89.6% 89.9% 89.5% 89.3% 89.1% 90.4% ethnic groups Legal and/or regulatory hurdles 14% =ab943b2f_2 Members Only Research 3feb2Rou 2.pdf?sfvrsn=2nd a8d3b2- f_Up 2 Webinar 0.0 $0 % $0 demograp St hu ic dent loan debt assistance measure (22% in 2021 vs. 13%). White Black Hispanic 17% Other Wh31% ite Black Hispan 48% ic Other 4% 0.0% 2016 13jan22.pdf?sfvrsn=f8993b2f_22019 0% 0 0.0 .0% % 2016 2019 Where applicable, trend data from the 2018 14oct2,1.p 2019 df?sfvrs,n=7 and 3563b2020 2f_6 surveys are shown. $0 h htt ttp ps s:/ ://w /ww ww w.e .eb bri ri.o .org rg/d /do oc cs s/d /de efa fau ulltt- -s so ou urc rce e//e eb bri ri- - program. h htt ttp ps s:/ ://w /ww ww w.e .eb bri ri.o .org rg PPO /d /do oc c/PO s s/d /de e Sfa fau ulltt- -s so ou urc rce e//fa fas stt- - 83.1% 83.4% 83.6% 83.7% 83.8% 84.0% 84.2% Source: EBRI estimates from the 2019 Medical Expenditure Panel Survey. White, non-Hispanic BlacNon k/Afrie c o an f t Ah m eeri acan bove 4%$1,790 Hispanic Other DiffLiqui erentia d to Sa r fro ving m o sur competitors 1 to 3 Liqui 4 tod 6 Savings + CD 7 to 9 s 10 to 13 14 such as Asi Aan Amer ll 1st Q icans uarth ile ttpand s://w 2w nw d.e t Q $hose b 1 ri u 6 .o a ,5 rg rti 3 /d le 3 ocw s/dho 3 erd fauQu lti-dentify soa urc rte ile /fast- 4as th Qmultiraci uartile al. SCF is 17% at the family level, so the characteristics of be a pandemic-related aberration rathe Non r t e o h f t a hn e se a sec 2% ular $11,400 iis ss su ue e- -b bri rie ef/ f/e eb bri ri_ _iib b_ _ A All 5 5ll 4 35 4_ _e fw m ee srs 20 a2 v1 -- DC Par W Wthit h icipants ite e, , n non-H on-Hispa ispanic nic Blac Black/A k/Af friric can an Am Am erica eric n an Hisp H Nis onpart ap nDef ianic Def c ine ine icipant d d C Co on n s tri trib bu utio tion n P Plla a Ot n n h Ot erher fa fac cts ts/f /fff- -406 412- -fw em ee srg -1e 8n nc oy vs 2a 1v .p ind gfs ?-sfvrsn=8eb83b2f_2 All 1st Quartile 2nd Quartile 3rd Quartile 4th Quartile Please visit ebri.org for more information. HRA 78.0% 78.4% 79.0% 79.1% 79.6% 80.0% 80.0% Three Months of Income 75% of Three Months of Income • Employ https:/ er /www U .ept bri.ak org/he ealtof h/p uPre blicatio- ns/issu Deduct e-briefs/co ib ntle ent/thC e-overage for Preventive Serv https://w ic ww es .eb ri.in org/dH ocs SA /defa- uEligible lt-source/fast-faH cts/fealt f-418-av h - Plans Lofa wer Half cts/ff-421- o gef nIn com co p_ m 2-es Upper Half of Incomes 12aug21.pdf 28oct21.pdf?? ssfv fvrs rsn n=5 =a3 14703 43bb2f_ 2f_42 16sep21.pdf?sfvrsn=76673b2f_4 Note: All dollar values are in 2019 dollars. $0 more-things-change-the-more-they-stay-th H e-ous same-an ing -analysis-of- Credit Card 6jan St 22udent .pdf?sfvrsn =7 Lfa oan 53b2f_4 Other the $0 family hhead ttps://www(or .ebri.o t rghe /docsref /defaerence ult-source/ebriperson) are -issue- used to httcat ps:/HSA-Eli /w egorize t ww.eb gri ib .o lerg He /pu ab lhe th lic Pl ati ao nfnamil s/re7 s2 e.7 ai rc % es. h-public 7a 3ti.6 on % s/ebrinte 7ra 4.2 cti % ve/savin7 g5 s.2 -p% eople-ne7 e5 d.5 -to % - 76.0% 76.0% 20jan22.pdf?sfvrsn=26943b2f_2 trend SouS rc ou e: rc Ee: mpl Em oypl ee oy B ee en B ef en it ef Res it Res earc ea h rIns chtiIns tutti e s tuturv e sey urv . ey. EBRI Webinar Source: Employee Benefit Research Institute estimates of the 2016 and 2019 Survey of Consumer Finances. the-generosity-of-employment-based-health-insurance-2013-2019 Ali Sgn ource: y E ou mplr oybra ee Benef ndi t – Research Spon Inst sor itute the estimse ates eve of the nts: 2016 and 2019 Gene con Gene tact rat rat Surv ion ion ey in X X of fo@e Consum M Millenni illenni bri er Fi .org nance als alss. Baby Gene Boom ration X Gen Millenni eration als X Q15. Does your company offer or plan to Ge offBa erne aby ny r at oB f ito h oo en fo m X llowing fM Ge inainllc ne en ial r w nia at elli bo ls eing n X or debt assistance benefits to employees? (n=250) Source: Source: EE mm plpl oy oy ee eeB B enef enefiitt R Res esearch earch Ins Inst tiitut tute e e est stim im ate ates s ofof the the 20 2016 19 S urv and 2019 ey of Cons Surv um ey er of Fi na Consum nces. er Finances. brief/ebri_ib_549_savingstargets- afford-health-insurance-and-expenses-at-age-65 All 1st Quartile 2nd Quartile 3rd Quartile 4th Quartile All White, non-Hispanic Black/African American Hispanic Other Q3 Q3 Q2 N Q3 Q2 Q2 ot3 3 2 4 3 0 e...... tW W W To To D ho a h h h tw w a ic a y p o tth h h e u a a a a r o r rttc te e fre e e a tttn x x h h h cttte k e e e e a n n g fa tto tto o e n llp d p d s y o o o w in tto h hy y fing r r to o e e th h u u e e e e d a a c f ta o fg g a h o c e r r b a ll e e ts les ll o o e e e w r y s n o o o ing a g u tr rh n e rd d a d s c is is tt o o y c a a a m o h e g g re u a v r r pe e a r ra o te e lua c s n r o y w w m w m tit it o e il a p h h l f y fta b e h ttn n e h h re o y e e t im o t e f ff a tfo o h o fp c e ll ll e to e a o o clp rs tl w w tiv a to ing ing e o n erm tn 1 a in e p 0 r rn s e e loy 0 tts g g ic h d a a o e e ipa u r rf e d d e m y s ing ing to t e e o w u s a it r r s d d f o h a u fiv iv ina u c rp n e e e ing e d m r rn s s ring s c it it e o in ial y y nn ,, t a o a e e o w n fl q q ffe d fe u u y ina ll /rit it o o n ing y y u re n ,,rm s c a a fs fial ina is n n ina o d d sf c ing n fn inc inc e h c c ra ial ial ing lus lus ll ce aw w n s tion ion e ? e g eg ll e llP o ? ? n n sr lea e ? e ies ( (s n n s(s s =2 =2 n s. e =2 init b Tr 5 5 e s0 0 5 n e e iat ) )0 e n lec )fd iv it e s td s a a in ? ll ta ttP h h fr le a e o ta m w a so p e trh p k s e ly p e lac .2 lec ( 0n 1 e t=2 8 ? y, o 5 P 2 u 0 lea 0 r) 1 to 9 sp ,e a ts h ne rd e lec e 2.0 t (2 y n0 o =2 u E r5 m t0 o p )p loy the re r e Fina . (n=2 ncial 50)Wellbeing Survey is shown when applicable. 13jan22.pdf?sfvrsn=67983b2f_4 Source: Employee Benefit Research Institute estimates based on administrative enrollment and claims data. March 9, 2022 Not Not Not Not Note e e e e: : : : : A A A A All ll ll ll ll e e e e estim stim stim stim stima a a a ate te te te tes s s s s in in in in in 2 2 2 2 20 0 0 0 01 1 1 1 19 9 9 9 9 d d d d do o o o oll ll ll ll lla a a a ars. rs. rs. rs. rs. © © © © © © © © Em Em Em Em Em Em Em Emp p p p p p p pllllllllo o o o o o o oy y y y y y y ye e e e e e e ee e e e e e e e Be Be Be Be Be Be Be Ben n n n n n n ne e e e e e e efi fi fi fi fi fi fi fit t t t t t t t Res Res Res Res Res Res Res Rese e e e e e e ea a a a a a a arc rc rc rc rc rc rc rch h h h h h h h In In In In In In In Ins s s s s s s sti ti ti ti ti ti ti titu tu tu tu tu tu tu tute te te te te te te te 2 2 2 2 2 2 2 20 0 0 0 0 0 0 02 2 2 2 2 2 2 22 2 2 2 2 2 2 2 35 14 21 12 52 43 16 23 31 46 27 36 49 50 44 39 48 28 38 10 34 32 47 51 30 22 26 15 24 17 29 37 25 13 42 45 11 5 9 8 7 6 2 40 © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © © Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Em Emp p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p p plllllllllllllllllllllllllllllllllllllllllo o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o oy y y y y y y y y y y y y y y y y y y y y y y y y y y y y y y y y y y y y y y y ye e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e ee e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Be Ben n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n ne e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e efi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fi fit t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t t Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Res Rese e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e ea a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a arc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rc rch h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h h In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In In Ins s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s s sti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti titu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tu tute te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te te 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 02 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 22 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 21.7% 27.1% $11,263 $38,987 30.8% $15,000 $70,000 34.0% 7.7 $% 7,942 $7,220 11.0% $18,000 $6,000 13.3% 16.4% $13,140 $18,194 10.7% $29,000 $22,000 13.9% 15.1% $11,118 19.0% $41,875 $19,000 19.5% $64,000 22.5% $14,440 25.4% $101,366 29.8% $35,200 $193,000 29.2% 36.3% 42.7% 48.3% 15.1% 21.6% 24.7% 30.8% 16.3% 26.7% 29.6% 33.2% 35.2% 41.5% 47.8% 50.7%

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