Healthcare affordability continues to be one of the biggest challenges facing employees and employers today. During our recent webinar, Brian Talpos, Sales Account Executive at TempoPay, joined benefits leaders and consultants to discuss how rising out-of-pocket costs are impacting healthcare decisions—and what employers can do to help.
The discussion centered on a growing reality: healthcare is no longer just a clinical issue. For many Americans, it has become a financial one.
The Growing Cost Burden on Employees
Higher deductibles and rising healthcare expenses are forcing employees to make difficult decisions about when—and whether—to seek care. 53% of Americans can’t afford an unplanned bill of $1,000.
When employees delay treatment because of cost concerns, the consequences extend beyond individual health outcomes. Delayed care can lead to worsening conditions, more expensive treatments later, increased absenteeism, and lower workplace productivity. Employers often feel the impact through both higher healthcare costs and reduced employee effectiveness.
The Connection Between Financial Stress and Health
Employees who worry about healthcare costs are more likely to postpone preventive care, delay prescriptions, or avoid recommended treatment altogether.
At the same time, employers continue to face significant healthcare cost pressures. The current trajectory of healthcare spending is prompting organizations to look beyond traditional plan design changes and explore solutions that address affordability at the employee level.
By removing financial barriers to care, employers have an opportunity to support healthier behaviors while creating a more positive benefits experience.
How TempoPay Helps
TempoPay is designed to help employees access the care they need when they need it by providing an interest-free healthcare financing solution. Employees can use TempoPay to pay for eligible healthcare expenses and then repay those costs over time without interest charges, fees, or credit checks. Employers are not responsible for employee balances.
TempoPay can be added outside of open enrollment with minimal administrative burden. It also works alongside existing health plans and benefits programs, helping employers enhance affordability without major plan changes.
Why Employers and Brokers Are Paying Attention
Benefits leaders are increasingly looking for solutions that address both health and financial wellbeing. TempoPay helps organizations:
- Reduce financial stress associated with healthcare expenses.
- Improve access to timely care and treatment.
- Strengthen benefits offerings without increasing complexity.
- Provide a more inclusive financial wellness benefit that supports employees across income levels.
As healthcare costs continue to rise, organizations need innovative ways to support employees beyond traditional insurance coverage. Helping employees manage out-of-pocket costs can improve confidence, encourage care utilization, and contribute to better long-term outcomes for both employees and employers.
Learn more in the webinar recap, or contact our team to get started today.
