Employee benefits are transforming, and employers can get ahead of these changes as they strive to both manage costs and attract and retain top talent. This article explores key trends that will shape employee benefits in 2025.
1. New Administration’s Benefits Changes
Early into the current Trump administration, employers are waiting for signs of imminent changes to the health care system. In particular, analysts are monitoring changes to price transparency, potential cuts to Medicaid and the future of Affordable Care Act subsidies passed through the Inflation Reduction Act.
2. Growing Popularity of GLP-1s
Driven by growing popularity among employees, glucagon-like peptide-1 (GLP-1) drugs are in high demand for weight loss. GLP-1 treatment typically costs an average of around $1,000 per individual each month and should be taken continuously.
When considering covering weight loss drugs, many employers are concerned that they require a long-term commitment to be effective.
3. Rising Health Care Costs
Employers anticipate health care costs to increase at least 7% in 2025, according to industry experts. Beyond GLP-1 drugs, other specialty medications and treatments—like immunosuppressants, cell and gene therapies, biologics and antivirals—are primed to contribute to health care spending for 2025. In addition, factors such as aging populations, proliferation of chronic conditions, and a labor shortage in the health care industry are expected to drive up costs.
4. Family-building Benefits
More employers are offering family-building benefits because they have proven highly valued among younger employees. Among other benefits, popular coverage includes in vitro fertilization (IVF), surrogacy benefits, child care subsidies, and paid parental and adoption leave.
Contact us to see how you could minimize risk:
Recent News
Engaging Gen Z in the Workplace
Gen Z, born between 1997 and 2012, is quickly becoming a major part of the workforce and is expected to make up 30% by 2030.
Preventing Employment Practices Liability Claims
Organizations with employees risk claims of wrongful employment actions. Risk management and EPLI coverage help reduce liability and financial loss.
Employee Spotlight: James Robin
Please join us in welcoming James Robin to Seubert’s Surety Bonding Division as a Strategic Risk Advisor based out of our West Palm Beach Office!
Summer Food Safety Tips
Summer picnics and barbecues are great for spending time with loved ones, but poor food handling can increase the risk of foodborne illnesses for everyone involved.
May Recap: What You Missed From Seubert
Check out what you might have missed in May, including tips for supporting Bike to Work Day, staying safe from QR code cybersecurity threats, and protecting your boat with the right insurance.
Roadway Safety in Work Zones
Work zones pose risks for workers, drivers, and pedestrians. Employers must take proper precautions to protect employees and the public.