Do Your Employees Understand Their Health Insurance?

Everyone knows that they need to take care of their health, but when it comes to truly understanding health insurance, how good are your employees? According to a recent study, not very. The International Foundation of Employee Benefit Plans found that:

  • Approximately half of employees don’t understand employee benefit materials
  • Only 19 percent of employers report that their employees have a “high level” of understanding of their benefits
  • Eighty percent of employers claim their employees don’t even read the benefits collateral

If your employees are typical in this way, it’s time to create a strategy for health care promotion in the workplace. Here are five things you can do that will help.

To keep reading, click here: Do Your Employees Understand Their Health Insurance?

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19 thoughts on “Do Your Employees Understand Their Health Insurance?

  1. This links to the wrong article for some reason and I am curious to read it so just wanted to let you know. THANKS!

  2. I’m having the same issue as everyone else and really want to read this article! Help.

  3. I am almost certain people do not know that employers and providers can change health insurance at any time. The benefits at a glance enrollment information is not a contract. One month your medications would be covered and the next, nope. Also know providers are not required to tell you they have stopped accepting a particular plan or that the care you just received is not a covered benefit. They just bill you.

  4. Yup, my employer insists that if you’re going to a doctor’s appt, sick or well, you have to use vacation or personal time….

  5. The average person understands their health insurance as much as they understand their mortgage or the privacy waiver they sign with Facebook. Respectfully. We are a reactionary culture…we wait until the sky actually falls before doing anything…respectfully

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  7. Hello,The benefits at a glance enrollment information is not a contract. One month your medications would be covered and the next, nope. Also know providers are not required to tell you they have stopped accepting a particular plan or that the care you just received is not a covered benefit. They just bill you.

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  9. this subject (health insurance) comes up occasionly at the gym where i work out – especially in the last few years. My standard reply is THIS is my health insurance. I would rather spend 30 bucks a month at a gym than “betting against myself” and paying a premium to a book maker (insurance company)Insurance

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  11. I think the most important function of insurance is to provide protection against future risk, accident, and uncertainty.It is one check the reality of the misfortune happening and pays the cost of damages of losses.annuity

  12. Yes. I did just that. I had a great job with a six figure salary. But I loathed it. So I quit just before the baby was born, knowing my husband’s insurance would cover the birth. My plan was to go back to school full time ( for a completely different career) when the baby was about 9 months. But about a month before I was to start, we discovered I was expecting twins… So, plans change. I still talk to my old coworkers who can’t help but tell me about the old office. I always think I’m so glad I’m not there. Money has been an adjustment, but that was expected. My only challenge now is figuring when I will actually be able to go back to school…insurance

  13. Hi, I think in general, as a contractor, you need insurance. It’s for the off chance that you get injured or some part of the structure gets ruined. There are a lot of things that can happen that you can’t plan for or predict, but you can have coverage for them. Visit insurance tips for more information about insurance policy.

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