Dan Cook writes for Benefits Pro about the results of a recent survey by the insurer Guardian, which reveals that many Americans do not understand the benefits (health or otherwise) they are receiving.
“Twenty percent of those surveyed would have received an “F” if the survey had been a test using the generally accepted grading methods, and 25% say making benefits selections is more of a guessing game than an educated guess.” One highly important, incorrect belief people hold about their benefits is that if they are facing a critical illness, their benefits would reimburse them for lost income. And only 47% of workers say “my employer does a good job of educating me about my benefits" - which could be the most essential source of benefits information of all.
Employers can do more to engage with employees about what their benefits do and which ones they want - download Nonstop's Guide to Best Practices for Engaging Employees to learn more:
