2020 Medical Plan Trends and Observations Report
Employers are recognizing that benefits such as standard health care and voluntary dental, vision and disability coverage have become table stakes in today’s competitive employment market. In order to attract and retain top talent, they must supplement these offerings with personalized benefits packages that meet the diversified needs of the modern employee. The 2020 report shows that employers are increasingly offering benefits that address the broader lifestyle needs of their employees, a trend originally reported in 2019. The most common lifestyle-focused benefits include fertility treatments, child and eldercare support, adoption assistance, extended parental leave, dependent care flexible spending accounts and flexible scheduling.
The 2020 Medical Trends and Observations Report – based on an analysis of more than 1,000 employee benefits plans from nearly 200 companies. Data was drawn from The Lab (powered by DirectPath) and Gartner research.