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Mercer Marsh Benefits

Supporting Women’s Unique Health and Financial Concerns in the Workplace

Explore tailored employee benefits addressing women’s health, mental wellness, and financial security to foster a productive, inclusive workplace.

Women in the workplace: Understanding their unique health and wealth concerns.

Employers should aim to provide benefits that support the needs of their entire workforce. However, creating a benefits strategy that works for everyone requires a deep understanding of the varying needs and preferences of different employee groups. While many basic needs are shared, there are also differing realities that employers should take into account when designing their offerings to ensure all employees can thrive.

At a fundamental level, an individual’s gender lends itself to certain health, social and financial outcomes. Women, for example, face different health risks and more significant financial challenges compared to men. Addressing these differences requires targeted strategies designed to ensure a healthier and more productive workplace for all.

The need for targeted benefits

One key area where gender differences can arise is in health outcomes. Our 2025 Health on Demand research reveals that 31% of female employees report a disability or health condition, compared to 28% of male employees. Mental health is a particular concern: women are four percent more likely than men to report experiencing a mental health condition, such as anxiety or depression (17% vs. 13%).

Yet it’s clear that benefits packages may lack the levels of mental health support that individuals require. Nearly half of employees are stressed in everyday life, but our Health Trends 2026 report showed only 1 in 2 insurers globally typically cover mental health counselling, and only 35% cover medications for mental health. That mismatch leaves many without reliable access to the care they need during critical life stages and transitions.

Menopause and reproductive health is another area of opportunity for employers to provide more tailored support. Most insurers don’t cover menopause benefits, while gaps continue to exist in broader cover for reproductive and family building.

The financial strain of healthcare

This default lack of coverage in benefits packages is reflected in women’s greater level of concern when it comes to paying for healthcare. More than a quarter (26%) of women say they are not confident they can afford the healthcare that they and their family may need, compared to fewer than one in five (18%) men. This financial insecurity can create a vicious cycle: stress related to finances could exacerbate health issues, leading to even higher medical expenses — which in turn leads to ever greater levels of financial concern.

Given these findings, employers have a valuable opportunity to provide women's health benefits that address these specific concerns, particularly in relation to mental health and financial well-being. A ‘one-size-fits-all’ approach to benefits may fall short, especially as the workforce continues to evolve and diversify in its needs. To truly support their employees, employers should consider developing inclusive, tailored healthcare offerings that address the distinct challenges women encounter both in the workplace and in their personal lives.

With that in mind, for clients interested in pursuing this strategy, as a starting point, we recommend introducing or extending:

Mental health coverage — including counselling services, both in-person and virtual, along with coverage for medications. This will help ensure that employees have access to the care they need to manage their mental health effectively.
Financial wellness programmes — including resources on budgeting, debt management, saving for retirement and healthcare planning. This can help to alleviate financial insecurities and help women to feel more confident in their financial futures.
Menopause and reproductive health support — including coverage for hormone replacement therapy, counselling for menopause-related symptoms and additional resources to support employees during this transition.

Addressing the needs of men supports women too

When employees are healthy and well, their families and colleagues benefit. With that in mind, key to supporting women’s health is also prioritising the unique challenges of men. The 2025 Health on Demand research reveals that 43% of men express concerns about feeling a lack of fulfilment and purpose in life; 36% are concerned about loneliness; and 30% say they value treatment for substance dependency and abuse. As we point out earlier, additional mental health benefits and financial wellness resources are a fantastic way to support women within the workforce, but men can gain from these as well.

31% of women vs 28% of men

Say they have a disability or health condition

56% of women vs 62% of men

Agree the benefits provided by their employer meet their needs

60% of women vs 66% of men

Agree they can speak their mind at work without fear

36% of men vs 34% of women

Are extremely concerned about loneliness

43% of men vs 43% of women

Are extremely concerned about lack of fulfilment in life

30% of men vs 28% of women

Value treatment programmes for substance dependency and/or abuse

36% of men vs 29% of women

Feel they have a physically demanding job

The need for a comprehensive, tailored approach

When developing an employee benefits strategy, employers should seek to create a supportive environment for all employees, recognising that both genders face unique and overlapping challenges. By recognising workplace diversity and the different challenges that both men and women face in their personal and professional lives, employers can successfully adapt their employee benefits offerings accordingly. Of course, these adaptations should be mindful of the dynamic regulatory environment around the world, and should be defensible and legal in all countries where they operate. Whether it is enhancing mental health support, providing resources for managing financial security or offering tailored care for specific health needs, employers can create an effective employee benefits strategy that meets the varied realities of their workforce. By doing so, they will not only improve employee well-being, but also cultivate a more productive, engaged and loyal workforce.

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This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change.

Supporting Women’s Unique Health and Financial Concerns in the Workplace

Women in the workplace: Understanding their unique health and wealth concerns.

The need for targeted benefits

The financial strain of healthcare