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What are the challenges and opportunities in employee benefits for 2023? 

Team working at a table

As the new year began, Meg Shea, Vice President and Head of Strategy and Solutions at New York Life Group Benefit Solutions (NYL GBS, New York) sat down with Insurance Innovation Reporter(IIR) to share what’s ahead for employee benefits in 2023. IIR highlights five insights on trends Shea is observing in the employee benefits space along with new research that outlines how employers can leverage benefits to reshape the post-pandemic workplace.

The top five trends Meg observes in the employee benefits space:

  1. More robust mental health offerings. 
  2. A focus on flexibility and financial stability. 
  3. Increased benefit simplicity. 
  4. Improving the employee experience. 
  5. Continued focus on diversity and inclusion.

To learn more read the entire article here.

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This material contains the opinions of the MacKay Municipal Managers™ team of MacKay Shields LLC but not necessarily those of MacKay Shields LLC. The opinions expressed herein are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and opinions contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Any forward-looking statements speak only as of the date they are made and MacKay Shields assumes no duty and does not undertake to update forward-looking statements.
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