Mind Body Money: A Holistic Approach to Employee Well-Being

FEBRUARY 6, 2024

Given the compounding effect of employee financial stress and emotional well-being on health outcomes and the cost of care, organizations should strive to address the stressors that impact employees’ ability to effectively perform at work:

  1. Physical well-being — USI Insurance Services has found that for some employers, 50% of catastrophic claims are tied to individuals who have not had a preventative care visit in the prior 12 months, and only 20% to 30% of adult health plan members engage annually with a primary care physician.1
  2. Emotional well-being — Of the 21% of American adults estimated to have a behavioral health condition2 (including depression and anxiety), as many as a third are not receiving the care they need. Poor mental health is also known to drive up the cost of care 37% to 100% for certain chronic conditions.3
  3. Financial well-being — 60% of full-time employees report being stressed about finances, and 56% admit to spending at least three work hours per week dealing with or thinking about personal finances.4

Undiagnosed or unmanaged depression is a known contributor to higher healthcare costs

Increase in Costs by Health Condition


Ulcerative colitis, cirrhosis,
HIV, Parkinson’s Disease,
hemophilia, spinal cord injuries
and significant burns


Cancer, chronic liver disease,
coronary artery disease, diabetes
and rheumatoid arthritis


Hypertension (high blood pressure),
hyperlipidemia (high cholesterol),
back and neck pain and asthma


To help employers reduce the impact on health plan spending while ensuring employees’ wellness needs are being met, USI has developed Mind Body Money (MBM). Building on the foundation of USI’s CORE health strategy, MBM helps employers take a holistic approach to employee well-being and encourages health plan members to make positive behavioral changes including:

  • Engaging with a primary care physician for annual preventative care and recommended screenings, including behavioral health, to identify undiagnosed or unmanaged conditions, and
  • Completing a financial health assessment to determine the level of financial education and resources needed, as well as accessing certified financial planners