What tops the benefits wish lists of America’s employers and workers
this holiday season?
Colonial Life & Accident Insurance Company checked with Santa to find
out what employers and employees want to find under the workplace
benefits tree. Here’s the list of gifts they would most like to receive:
What employers want most from the benefits plans they provide
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Ways to save money. With the cost of providing benefits to
workers continuing to rise, employers are looking for all means
possible to trim their costs.
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Help understanding the Affordable Care Act. Employers are
finding it difficult to keep up with changes in the new health care
legislation and how it will impact their business — and their bottom
line.
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Greater participation in the company’s wellness program. When
more workers participate in employer-sponsored wellness programs and
improve their health, employers save on health care costs.
What employees want most from their benefits plans
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Help understanding their benefits. Employers aren’t the only
ones confused by the Affordable Care Act and how it affects their
employee benefits. Forty-seven percent of workers say they are not
very knowledgeable or not at all knowledgeable about the
impact the Affordable Care Act will have on them.1
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Benefits that meet their individual needs. Employees have
different needs for benefits based on their marital status, income,
age, lifestyle and family situation. Having a choice of affordable
benefits allows workers to choose the coverage that best meets their
needs.
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Financial security for their families. Thirty-six percent of
American workers say they always or usually live paycheck to paycheck.2
Employees need benefits that protect them from financial disaster.
“No one needs to max out a credit card or fight holiday traffic to make
these wishes come true,” says Steve Bygott, assistant vice president of
core market services for Colonial Life. “Employers can get the benefits
solutions they need to save money and improve communication at no cost
by partnering with the right voluntary benefits provider,” he says. “At
the same time, employees can get the help they need to better understand
and personalize their benefits packages.”
About Colonial Life
Colonial Life & Accident Insurance Company is a market leader in
providing financial protection benefits through the workplace, including
disability, life, accident, cancer, critical illness and supplemental
health insurance. The company’s benefit services and education,
innovative enrollment technology and personal service support more than
79,000 businesses and organizations, representing more than 3 million
working Americans and their families. For more information visit www.coloniallife.com
or connect with the company at www.facebook.com/coloniallifebenefits,
www.twitter.com/coloniallife
and www.linkedin.com/company/colonial-life.
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1 Online survey conducted
within the United States for Colonial Life & Accident Insurance Company
by Harris Interactive, Sept. 3-5, 2013, among 2,046 U.S. adults age 18
and older, among whom 1,023 are employed full-time or part-time.
2 CareerBuilder.com, “Share of U.S. Workers Living Paycheck
to Paycheck Continues Decline from Recession-Era Peak, Finds Annual
CareerBuilder Survey” (Sept. 25, 2013; accessed Dec. 5, 2013), http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=9/25/2013&id=pr781&ed=12/31/2013.
Copyright Business Wire 2013