The
2024 SHRM Employee Benefits Survey offers valuable insights into the evolving
landscape of employer-provided benefits and how organizations are adapting to meet the needs of today’s workforce. With healthcare, retirement planning, and leave benefits ranking as top priorities, SNF/AL facilities must rethink their benefits strategies to remain competitive.
Here’s a closer look at the most significant trends and how Compass Total Benefit Solutions (Compass TBS) can help facilities implement the right solutions for their teams.
Health insurance continues to be the most essential benefit for employers and employees alike. According to the SHRM survey, 88 percent of employers ranked healthcare as either very or extremely important, making it the highest-priority benefit offering. Nearly all employers—97 percent—provide some form of health coverage, with the vast majority offering PPO plans, followed by HMOs and EPOs.
For SNF/AL operators, providing comprehensive healthcare benefits presents a unique challenge. Many employees work physically demanding jobs with unpredictable schedules, making access to flexible, affordable care essential. While traditional employer-sponsored plans remain the norm, many facilities are seeking alternative solutions to reduce costs while maintaining quality coverage.
Compass TBS offers proprietary Minimum Essential Coverage (MEC) and Minimum Value (MV) health plans designed specifically for the SNF/AL workforce. These plans provide national network access, lower deductibles, and affordable premiums, ensuring employees receive the care they need without excessive financial strain. With built-in telehealth and mental health services, employees can access healthcare on their terms, reducing absenteeism and improving overall well-being.