Employee-paid benefits? Huh?

While 78% of millennials and 70% of all workers eligible for employee-paid workplace benefits said they were more likely to work for a company that offered the benefits, only 49% of those eligible actually took part in them, according to a survey conducted by Voya Financial.

The benefits offered were insurance programs typically covering critical illness, hospital indemnity, and income lost through disability or accidents.

The survey found that 31% of those eligible for benefits admitted they do not fully understand any of those they selected during their most recent open enrollment period. A previous Voya survey found that 73% of those who are benefits eligible are interested in support and guidance tools that help them understand how much money to put aside for retirement, emergency savings and health care expenses.

The post Employee-paid benefits? Huh? appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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