What's Happening?
MetLife is broadening its health and wellness services to better support its customers, particularly in the areas of mental health and critical illness. The company has introduced enhancements to its dementia insurance in Korea, adding coverage for mild dementia and related care services. In Chile, MetLife launched Cancer360, a program that covers non-reimbursable cancer treatment expenses. In the U.S., MetLife has partnered with TELUS Health to provide cognitive behavioral therapy services for employees with long-term disability plans. Additionally, in the U.K., MetLife has collaborated with YuLife to offer a gamified wellness app that encourages healthy activities among employees.
Why It's Important?
MetLife's initiatives reflect a growing trend in the insurance industry to offer more comprehensive health and wellness solutions. By addressing mental health and critical illness, MetLife is responding to increasing demand for holistic health coverage. These efforts could lead to improved health outcomes for customers and potentially reduce long-term healthcare costs. The partnership with TELUS Health and YuLife also highlights the role of technology in enhancing employee wellness, which can lead to increased productivity and reduced absenteeism.
