The Impact of Employee Relief: A Financial Relief In Medical Emergency

In today’s fast-paced world, the weight of medical bills can lead to significant financial stress for individuals. This stress doesn’t stay confined to personal lives – it often spills over into the workplace, impacting employee productivity and overall well-being.

Not surprisingly, medical issues are currently the leading event for financial relief needs across Canary’s employer-sponsored employee relief fund programs. So, we took a deeper look at financial relief in the face of medical emergencies in our latest infographic.

Download our medical issues infographic

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Medical debt & its affect on employees

  • Financial stress: Two-thirds of individuals with unpaid medical bills experience financial stress
  • Lower productivity: Workers stressed about financial issues spend 9+ working hours per week dealing with personal finances
  • Trouble affording necessities: Nearly half of respondents to recent Financial Health Network employee survey report reducing spending on basic needs, such as food and clothing, to pay their medical bills.

Sources: Salary Finance, The Financial Health Network, 2022 SoFi at Work Study

Download the medical emergencies Impact Report to learn more

Read more about Grant Circle,
Canary’s employee relief fund solution

Ready to give your employees access to inclusive financial support?

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