Long story short: Make your benefits a family affair

When employers consider which benefits to offer, they can’t forget about the extended reach they can have on their employees’ families. 

In this week’s top stories, employers are making sure the families of their workers aren’t left out when it comes to the perks and benefits they provide. EY is launching their second annual financial education summer camp, giving children and teens an opportunity to learn about money and build good habits from a young age. And those lessons are helping parents, too: many have joined in on the sessions with their kids and are learning how to talk about finances with their own families. 

Read more: Are video calls hurting your employees? 80% of workers have physical ailments from online meetings

Sometimes the line between work and family can seem especially thin — that’s the case for adviser Joe Markland and his son, Mike. The two spoke to Employee Benefit News about working together and learning from each other for our recent “New and noteworthy” package, Advisers in Conversation. Check out the whole series here

Caring for your employees means caring for their families, however they choose to pursue that journey. This week, we spoke with ten employee benefit providers on how they’re reacting to the Roe v. Wade decision, which restricted abortion rights for millions of Americans. From travel stipends to additional healthcare coverage, here’s how they’re taking action. 

EY launches financial literacy summer camp for employees’ kids

It’s never too early to start learning good financial habits. EY is helping their employees’ children get a headstart on their financial wellness goals with their second annual financial education summer camp. Kids will have an opportunity to engage in sixteen online webinars about financial literacy, learning about topics like banking, navigating financial advice on social media, beginners’ stock investing and more. 

Dan Eck, managing director of group learning at EY, says many parents participate in the sessions with their children, which have started important conversations about the value of financial wellness benefits for not just employees, but their families, too. “When we talk to our employees, we see very directly the impact of good and bad financial decisions that were made early, and that carries through decades later.” 

Read more: EY launches financial literacy summer camp for employees’ kids

Advisers in conversation: This father-son duo predicts a shift to healthcare consumerism

The dynamic between father and son is full of nuance. While knowledge and insight may pour down the family tree, sometimes there are disagreements and a yearning for independence. Such is the case for Joe Markland, the 60-year-old CEO of Nfor1, a Precision Benefits Company, and his 28-year-old son, Mike Markland, an employee benefits specialist who founded ATMA, a word that represents “self” within Hinduism. 

Joe first taught his son the ropes of advising when he was still an impressionable high school intern doing cold-calls. After attending the University of Massachusetts Amherst, Mike had professional stints with his dad’s company as well as ADP, Insperity, Silvia Group and Hilb Group. Now, as he runs his own organization in the Boston area, with his dad’s operation not far away, he appreciates the insight gleaned from the senior Markland. The two share their experience of working together with EBN contributor Bruce Shutan, for our latest New and Noteworthy series, Advisers in conversation. 

Read more: Advisers in conversation: This father-son duo predicts a shift to healthcare consumerism

How 10 benefit providers are offering support post-Roe v. Wade

After Roe v. Wade was overturned by the Supreme Court last month, employers and benefit providers have been quick to respond in support of the health of their workforce, and with a game plan to help individuals seek out the care they need.

Employee Benefit News reached out to 10 companies that provide necessary healthcare for women and families to discuss the steps they’re taking to ensure access not only for abortion services, but for the full spectrum of health and family needs. Leaders from Maven, Forma, Pumpspotting and more shared their thoughts and how it’s translating into action for their employees and clients alike. 

Read more: How 10 benefit providers are offering support post-Roe v. Wade

WINFertility CEO explains how the Roe v. Wade ruling affects fertility benefits

The overturning of Roe v. Wade has made the future of fertility benefits uncertain. And although providers haven’t seen any immediate changes to demand for fertility benefits, it’s safest to err on the side of caution and be prepared. 

“We've been closely monitoring the impact the recent decision may have on fertility services,” says Roger Shedlin, CEO of WINFertility, a tech-enabled family-building management solution for employers. “This decision has added potential complexities [to family building] such as potentially needing to travel for treatment, as well as added costs for patients and third parties who are helping provide these benefits.” Shedlin talks to associate editor Paola Peralta about the future of IVF and other reproductive health benefits. 

Read more: WINFertility CEO explains how the Roe v. Wade ruling affects fertility benefits
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