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Mar 2024

Mental health a major claims risk for employers

Source: Asia Insurance Review | Mar 2023

Across the globe there has been a growing awareness of the importance of treating mental health as a factor in overall health and wellbeing, yet substantial gaps in mental healthcare still persist according to the latest report on employer-provided healthcare by Mercer Marsh.
 
The new report Mercer Marsh Benefits Health Trends 2023 found that although progress is evident, gaps still persist and 16% of insurers report that their plans do not cover mental health services. This is compared to 26% in 2022.
 
Emotional or mental risk is now one of the top three risk factors influencing employer-sponsored group medical costs in every region reviewed by the report except Asia and the Middle East/Africa. It is the third-largest risk globally.
 
The report says that 2021 was the first year when mental conditions were listed as one of the top five risk factors in any region. The report says, “This shift could reflect the mental and emotional burden of COVID-19 as well as greater awareness in both the workplace and society of the significance of mental wellbeing.” A 
 
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