PORTLAND, Ore. and CARDIFF-BY-THE-SEA, Calif. -- WebMD Health Services, a subsidiary of WebMD Health Corp., an Internet Brands company, is now offering iGrad’s Enrich™ financial wellness platform to help its employees and health plan members become better educated about their financial challenges through personalized skill building and action plans that reduce money-related stress and motivate change, no matter their current financial situation or stage of life.
iGrad's Enrich financial wellness platform goes beyond investment and benefits planning to provide the foundational information and insights needed to help consumers not only improve financial literacy, but also sustain it over time. An in-depth online assessment evaluates an individual's strengths and challenges and then delivers personalized recommendations to help employees minimize financial stress and reach their goals, such as spending less than they earn, saving for emergencies, and planning for the future. Enrich supports employees at all life stages, from providing strategies to help pay off student loans, planning for a child's college education, budgeting for health savings accounts and saving for retirement.
Enrich is seamlessly integrated with WebMD Health Services platforms to raise awareness, drive engagement, personalize the experience and reward individuals. Importantly, it does not link to financial institutions or personal account information, which most employees prefer. iGrad's Enrich Financial wellness platform is used by more than 300 employers and financial institutions nationwide to provide personalized, interactive and adaptive financial wellness education and action plans to employees and customers. Designed around a proprietary behavioral algorithm, Enrich personalizes financial information for each employee's situation and needs. It also offers tools, quizzes, videos, articles and a library of multimedia content.
"WebMD Health Services believes it is important to provide a solution that can educate and support individuals no matter where they are on the nancial spectrum," said John Harrison, Senior Vice President of Customer Experience at WebMD Health Services. "Enrich Financial Wellness is education based, developed by financial experts, and driven by a commitment to help employees build their skills and achieve their financial goals."
Financial wellness is now recognized as a critical component of overall well-being and workplace productivity. It is linked to anxiety, insomnia and depression and is a significant source of stress for 72 percent of Americans, including 65 percent of millennials. Studies show that financial stress leads to increased absenteeism, reduced productivity, and a lack of focus at work. According to the 2017 PWC Employee Financial Wellness Survey, about one-third of employees report being distracted by personal finance issues while at work, with almost half of them spending three hours or more each week handling these matters during the work day.
"WebMD's commitment to financial wellness education is significant because of the proven connection between financial stress and health issues," said iGrad President and CEO Rob LaBreche. "We are thrilled about partnering with WebMD to offer our adaptive and interactive online financial literacy platform."
For more information, visit www.enrich.org.