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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

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If you would like to talk to our team about creating an Emergency Relief Fund at your organization, let us know here.