Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Benefits January 23, 2019
Lack of Education Could Result in Greater Long-Term Health Costs
Only 33% of employees surveyed by Maestro Health say they completely understand the health coverage offered through their employers, and 62% indicated they feel their employer does not serve as a resource for their health care-related questions.
Reported by Rebecca Moore
A Maestro Health survey of 1,000 employees found 68% say the cost of health care has gone up in the past three years.
Only 33% of respondents say they completely understand the health coverage offered through their employers. In addition, 62% of respondents indicated they feel their employer does not serve as a resource for their health care-related questions.
This lack of understanding and education could result in greater long-term health costs for both employees and employers. Thirty-nine percent of respondents have chosen not to go to the doctor to avoid costs.
The survey also found that 44% of respondents say their employer doesn’t offer anything outside of health benefits—such as a physical wellness program—for employees to meet their health goals. Six in 10 say financial incentives would make them more willing to improve their health regime.
Maestro Health says the results suggest there is still much work to be done to improve employers’ involvement in educating, empowering and motivating their employee base when it comes to their health.More survey results may be found here.