Invest in Your Employees' Financial Well-being with Care Plus Solutions' EAP Financial Services

Financial Services

Financial Services

Care Plus Solutions offers our clients and their employees no cost, 30 minute telephonic consultations with financial coaches in our network. Financial coaches are seasoned financial professionals and licensed CPA’s. Consultations are limited to one per issue.

 

If an employee wishes to retain their coach for additional services, he or she may elect to continue working with their coach at a reduced monthly rate. This service provides the employee with unlimited access to their financial coach and the employee may continue on a month to month basis. This additional offering is convenient for issues such as budgeting and retirement, as these matters often require more assistance than the 30 minute consultation allows.

Prices Start At Just $1.55/Month Per Employee​

Financial Services

The Benefits of Financial Services

Care Plus Solutions’ EAP financial services provide employees with access to financial counselors who offer budgeting, debt management, retirement planning, and investment advice to manage their financial concerns.

Improved Productivity

28% of employees with financial stress report missing work due to financial issues.  1

Reduced Absenteeism

Financial stress is a leading cause of absenteeism, costing employers $2,000 per employee annually. 2

Increased Retention

60% of employees say that financial wellness programs make them more likely to stay with their employer.  3

Better Physical Health

Financial stress is linked to poor physical health, including high blood pressure and heart disease.  4

Enhanced Employee Satisfaction

83% of employees say they would use financial wellness services if their employer offered them.  5

Financial Services

Providing EAP services to employees can improve their overall health and well-being

Some examples of financial matters for which employees may request consultation include: 

This list is not exhaustive.

  • Developing a Spending Plan
  • Rebuilding Your Credit
  • Getting Out of Debt
  • Garnishments
  • Tax Levy/Wage Garnishment Resolution Program
  • Pre-Retirement Analysis
  • 401(k) Analysis
  • Home Buying Strategies
  • Mortgage Counseling
  • College Funding Analysis
  • Income Tax Services
  • Student Loan Debt
Financial Services

Tax Preparation & Consultation Component

Employees are also entitled to receive one 30-minute income tax planning related consultation per year on each separate tax issue they encounter. Preparation of all personal income tax documents are prepared by a CPA at a preferred rate reduction of 25% from the CPA’s normal fee.

More About Our EAP Financial Services:

Managing finances can be stressful, especially when employees face unexpected financial issues. Financial stress can lead to absenteeism, decreased productivity, and increased healthcare costs. Care Plus Solutions provides financial services through its Employee Assistance Program (EAP) to help employees manage their financial concerns. 

Financial Services

What are Financial Services?

Financial services are a range of services provided by financial institutions, such as banks and credit unions, to help people manage their finances. These services may include budgeting, debt management, retirement planning, and investment advice. Care Plus Solutions provides financial services through its EAP to help employees navigate through their financial concerns.

How Does Care Plus Solutions’ EAP Help with Financial Stress?

Employees who are struggling with financial stress may feel overwhelmed and uncertain about how to manage their financial concerns. Care Plus Solutions’ EAP provides employees with access to financial counselors who can help them create a budget, manage their debts, plan for retirement, and provide investment advice. These financial counselors can help employees understand their financial options and make informed decisions.

Benefits of Care Plus Solutions’ EAP Financial Services:

  1. Reduced Absenteeism: Financial stress can lead to absenteeism as employees may need to take time off work to deal with their financial issues. Care Plus Solutions’ EAP financial services can help employees manage their financial concerns, reducing the need for time off work due to financial stress.

  2. Increased Productivity: Employees who are financially stressed may struggle to focus on their work, leading to decreased productivity. Care Plus Solutions’ EAP financial services can help employees manage their financial concerns, allowing them to focus on their work and increase their productivity.

  3. Improved Employee Morale: Financial stress can take a toll on employees’ mental health and overall well-being, leading to decreased morale. CPS’s EAP financial services can help employees manage their financial concerns, reducing their stress levels and improving their overall well-being.

  4. Decreased Healthcare Costs: Financial stress can lead to physical health problems, such as hypertension and depression, which can increase healthcare costs. CPS’s EAP financial services can help employees manage their financial concerns, reducing their stress levels and, in turn, reducing healthcare costs.

  5. Increased Employee Retention: Employees who feel supported by their employer are more likely to stay with the company long-term. Providing an EAP can demonstrate an employer’s commitment to their employees’ well-being, leading to increased employee retention.

Managing finances can be a challenge, but Care Plus Solutions’ EAP financial services can help employees navigate through their financial concerns. By providing financial counseling, employees can manage their financial stress, leading to reduced absenteeism, increased productivity, improved morale, decreased healthcare costs, and increased employee retention. At Care Plus Solutions, we are committed to helping employees manage their financial concerns and improve their overall well-being.

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References:

      1. “2018 PwC Employee Financial Wellness Survey.” PwC, 2018, www.pwc.com/us/en/private-company-services/publications/financial-well-being-retirement-survey.html.

      2. “The True Cost of Employee Absences – HR News.” HR News, 4 Nov. 2021, www.hrnews.co.uk/the-true-cost-of-employee-absences/.

      3. “How to Make the Case for Financial Wellness Benefits to Your CEO.” Forbes, 4 Feb. 2019, www.forbes.com/sites/brianthompson1/2019/02/04/how-to-make-the-case-for-financial-wellness-benefits-to-your-ceo/?sh=12512fc55827.

      4. “Financial Stress and Your Health.” American Psychological Association, 2019, www.apa.org/news/press/releases/stress/2018/financial-stress.

      5. “2021 Workplace Benefits Report: Providing Financial Wellness Programs.” Bank of America, 2021, www.benefitsinfo.bankofamerica.com/wp-content/uploads/2021/05/2021-Workplace-Benefits-Report_Providing-Financial-Wellness-Programs.pdf.

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