Our 2025 Cost of Care Report revealed what many HR leaders already suspected: caregiving is taking a toll on working families, and it’s showing up in the workplace. From chronic absenteeism to rising turnover, the ripple effects of the rising costs of care are affecting productivity, morale, and retention. Employers are feeling the pressure just as much as employees are.
So what now?
Care Spending Account offers a practical, flexible way to meet this moment. It’s not just a benefit. It’s a bridge between work and home that directly supports the people who are powering your business.
Care is costing more than money
The Cost of Care Report shows that families are spending up to 40% of their income on care. That includes child care, senior care, pet care, and the often-overlooked category of self care. But the financial burden is just part of the picture.
Caregivers are also sacrificing sleep, mental health, and major life moments. And this stress doesn’t stay at home. It walks through your workplace doors every day, affecting focus, engagement, and team dynamics.
Employees are looking to employers for support
According to our recent Future of Benefits Report, 72% of employees believe that employers have a responsibility to help reduce the cost of care. And what’s more, is that 79% of employers agree.
The opportunity for employers to step in and provide support is clear, and Care Spending Account makes it easy to do just that.
With this benefit, employers can contribute funds that employees can use toward a wide range of caregiving expenses. From daycare fees and senior transportation to dog walking and therapy appointments, Care Spending Account meets employees where they are. Our favorite thing about Care Spending Account is what an inclusive benefit it is. It can support the full spectrum of care needs–not just child care.
How Care Spending Account works
Getting started is simple. Employers choose which types of care expenses to cover, determine who is eligible, and decide how much to contribute. The Care team handles onboarding, employee communications, and ongoing support.
Employees log into their Care portal, activate their account, and submit receipts for approved care expenses. Reimbursements are processed quickly and transparently.
You can get a detailed breakdown in this guide, but know this: It’s easy to use, easy to manage, and easy to scale as your workforce’s needs evolve.
A safety net for employees, a strategy for employers
When employees feel supported in their personal lives, they’re more focused and engaged at work. They’re less likely to call out, and more likely to stay. Offering Care Spending Account is a clear signal that your company sees caregiving not as a personal problem, but as a workplace reality that deserves real solutions.
Today’s top talent is looking for employers who understand what life really looks like outside of work—and who are ready to offer benefits that actually help.Ready to take the next step? Download the guide to learn how to bring the Care Spending Account to your workforce.
