An Aflac survey found that American workers spend little time selecting their healthcare benefits each year, with 90% choosing the same benefits and 64% not understanding changes to their coverage. Workers also spend much more time on activities like vacation planning, researching car purchases, and choosing electronics than on their employee benefits. This lack of understanding and preparation results in workers wasting an estimated average of $750 per year due to mistakes made during open enrollment.
The majority of employees are confused about health care reform and do not understand key concepts like consumer-driven health care. 73% agree that health care reform is too complicated to understand and 71% believe their insurance situation will become more confusing. Regarding consumer-driven health care, 71% have not heard the term and of those who have, only 19% understand it well.
A survey found that 63% of workers see a growing need for voluntary benefits options. When asked why, the top reasons workers cited were rising medical costs (76%), rising medical coverage costs (66%), and increasing deductibles and copays (61%). Additionally, 86% of workers agree that the medical costs they are responsible for will increase. The data comes from the 2014 Aflac WorkForces Report.
42% of employees agree that high medical bills have greatly hindered their ability to save, with 20% saying they have had difficulty paying medical bills due to high costs. Additionally, 12% are currently dealing with high medical bills, 9% have missed bill payments due to costs, and 17% have been contacted by collection agencies or had their credit score impacted because of outstanding medical bills.
The company aims to provide high quality products and excellent customer service. It strives to treat all customers and employees with respect. The goal is for customers to feel valued and want to keep coming back.
Aflac Provides many different options of voluntary benefits to ensure employees can make it through tough medical situations. All of these benefits are very affordable.
The document outlines Aflac's marketing goals to establish itself as the consumer's insurance advocate by setting itself apart from other insurance providers and being an authority on health care reform. It aims to target families, professionals, and small business owners through various digital outreach initiatives focused on health care reform, supplemental insurance, and raising awareness of the real costs of unexpected medical expenses. Key measures of success include direct consumer engagement, positive sentiment, and charitable donations. Moving forward, the plan involves content creation, staff support, application development, and establishing an internal network with a dedicated budget.
An Aflac survey found that American workers spend little time selecting their healthcare benefits each year, with 90% choosing the same benefits and 64% not understanding changes to their coverage. Workers also spend much more time on activities like vacation planning, researching car purchases, and choosing electronics than on their employee benefits. This lack of understanding and preparation results in workers wasting an estimated average of $750 per year due to mistakes made during open enrollment.
The majority of employees are confused about health care reform and do not understand key concepts like consumer-driven health care. 73% agree that health care reform is too complicated to understand and 71% believe their insurance situation will become more confusing. Regarding consumer-driven health care, 71% have not heard the term and of those who have, only 19% understand it well.
A survey found that 63% of workers see a growing need for voluntary benefits options. When asked why, the top reasons workers cited were rising medical costs (76%), rising medical coverage costs (66%), and increasing deductibles and copays (61%). Additionally, 86% of workers agree that the medical costs they are responsible for will increase. The data comes from the 2014 Aflac WorkForces Report.
42% of employees agree that high medical bills have greatly hindered their ability to save, with 20% saying they have had difficulty paying medical bills due to high costs. Additionally, 12% are currently dealing with high medical bills, 9% have missed bill payments due to costs, and 17% have been contacted by collection agencies or had their credit score impacted because of outstanding medical bills.
The company aims to provide high quality products and excellent customer service. It strives to treat all customers and employees with respect. The goal is for customers to feel valued and want to keep coming back.
Aflac Provides many different options of voluntary benefits to ensure employees can make it through tough medical situations. All of these benefits are very affordable.
The document outlines Aflac's marketing goals to establish itself as the consumer's insurance advocate by setting itself apart from other insurance providers and being an authority on health care reform. It aims to target families, professionals, and small business owners through various digital outreach initiatives focused on health care reform, supplemental insurance, and raising awareness of the real costs of unexpected medical expenses. Key measures of success include direct consumer engagement, positive sentiment, and charitable donations. Moving forward, the plan involves content creation, staff support, application development, and establishing an internal network with a dedicated budget.
The document discusses the costs associated with hospital stays and visits to the emergency room in the United States. It provides statistics on the average number of hospital stays and ER visits annually, average costs per day in the hospital, and common reasons for hospitalization among children and emergency room visits among all ages. The summary explains that while primary medical insurance may cover most of a hospital stay, patients are often still responsible for out-of-pocket costs, and that purchasing additional insurance like Aflac's hospital plan can help cover expenses from a hospitalization not covered by major medical insurance.
Aflac is committed to the prevention and treatment of
breast cancer through research, education and collaboration. Throughout the month of October, Aflac goes pink to help raise funds for the American Association for Cancer Research.
88% of employees see voluntary benefits as part of a comprehensive benefits package and 80% are likely to purchase additional insurance if their employer did not provide adequate health insurance. Offering voluntary benefits can boost employee satisfaction - employees enrolled in voluntary benefits are 14% less likely to look for new jobs, 19% more likely to be satisfied with their jobs, and 31% more likely to be satisfied with benefits. Voluntary benefits also provide employees an advantage in dealing with financial issues from unexpected medical expenses or emergencies.
According to surveys conducted in 2015, employees spend too little time understanding and choosing their benefits during open enrollment periods. Many do not fully comprehend their health insurance policies and costs. They expect employers to cover the majority of benefit expenses but lack savings to pay potential out-of-pocket medical costs. Face-to-face enrollment helps answer questions, though online is preferred. Employees show a slight increase in wanting to engage more with benefits decisions yet remain wary of managing options themselves.
Only 17% of employees report understanding their total annual healthcare costs extremely well, while more than half don't fully understand their major medical insurance policies. Additionally, 9% say they do not understand their annual deductible costs well at all. Most employees agree that healthcare and health insurance situations are too complicated and confusing to understand, with 71% believing their personal health insurance will become more confusing and 75% thinking healthcare reform is too complicated.
76% of employees say that an employer's overall benefits package is influential in their decision to leave a job. 59% of employees are likely to take a job with slightly lower pay if it offers a more robust benefits package. Nearly half of employees are likely to look for a new job in the next year, and 45% of those employees say that improving their employer's benefits package could influence them to stay in their current job.
The document summarizes findings from a 2015 survey that showed many employees do not feel financially prepared for unexpected medical costs or emergencies. Specifically, over half of employees would struggle with costs of serious injuries or illnesses, less than half have a financial plan, and around 40% do not feel prepared to pay out-of-pocket medical costs. Additionally, over 30% do not feel financially secure in the event of an emergency and nearly 30% lack confidence in their ability to handle financial impacts of unexpected life events.
Employees who are satisfied with their overall benefits packages and feel their benefits meet their families' needs are much more likely to also be satisfied with their jobs compared to employees who are unsatisfied with their benefits. Additionally, if employers did not provide the desired level of health insurance, 80% of employees would be likely to purchase additional insurance to ensure adequate coverage if it was affordable. Benefits are also very or extremely important to employees' job satisfaction, work productivity, willingness to refer friends, loyalty to their employer, and decision to leave a company.
Employees have high expectations for their health insurance and benefits selection experience according to a 2015 study. 89% of employees agree they expect higher quality health insurance and more decision making tools and support since they are responsible for more of their own healthcare costs. The study also found 89% want additional resources to help with choosing and enrolling in benefits.
Over half of employees have less than $1,000 available to pay for unexpected medical expenses, and many are concerned about maintaining their health benefits and increasing out-of-pocket costs. Nearly a quarter have visited the emergency room or suffered an injury in the past year, and over 20% do not feel fully protected by their insurance. Despite these realities, only a small minority are extremely satisfied with their overall benefits packages.
The document summarizes key findings from the 2015 Aflac WorkForces Report on the education industry:
- It surveyed over 900 employees and 150 business decision-makers in the education industry. Hispanic employees made up 12% and Millennials 28% of those surveyed.
- 56% of employees were satisfied with their benefits packages and 67% satisfied with their jobs.
- Employers increasingly offered benefits like dental, life, and disability insurance between 2014 and 2015. They also increasingly implemented high-deductible health plans and cost-sharing measures between 2013 and 2015.
- Actual changes to hiring and compensation in 2015 matched projections from 2014 fairly closely with some small differences.
This document summarizes key findings from the 2015 Aflac WorkForces Report on the construction industry. Some key points:
- The report surveyed 179 employees and 110 business decision-makers in the construction industry. Hispanic employees made up 13% and Millennials 27% of employees.
- 56% of employees were very or extremely satisfied with their benefits packages and 74% with their jobs. Employees valued benefits like insurance.
- Employers increasingly offered benefits like insurance between 2014 and 2015. They also increased costs for employees through higher copays and premium shares.
- Actual industry hiring and compensation changes matched projections fairly closely between expected and actual levels in 2014 and 2015.
2015 Aflac WorkForces Report | Presentation For BrokersAflac
The document summarizes key findings from Aflac's 2015 WorkForces Report on benefits trends. It finds that confusion remains around healthcare reform, costs continue rising, and financial preparedness is a concern. Employers are focused on controlling healthcare costs but lack understanding of reform. Employees feel unprotected and distracted by financial issues. Voluntary benefits have grown in popularity as a way to help meet needs. The report is based on surveys of over 5,300 workers and 2,000 employers.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
The document discusses the costs associated with hospital stays and visits to the emergency room in the United States. It provides statistics on the average number of hospital stays and ER visits annually, average costs per day in the hospital, and common reasons for hospitalization among children and emergency room visits among all ages. The summary explains that while primary medical insurance may cover most of a hospital stay, patients are often still responsible for out-of-pocket costs, and that purchasing additional insurance like Aflac's hospital plan can help cover expenses from a hospitalization not covered by major medical insurance.
Aflac is committed to the prevention and treatment of
breast cancer through research, education and collaboration. Throughout the month of October, Aflac goes pink to help raise funds for the American Association for Cancer Research.
88% of employees see voluntary benefits as part of a comprehensive benefits package and 80% are likely to purchase additional insurance if their employer did not provide adequate health insurance. Offering voluntary benefits can boost employee satisfaction - employees enrolled in voluntary benefits are 14% less likely to look for new jobs, 19% more likely to be satisfied with their jobs, and 31% more likely to be satisfied with benefits. Voluntary benefits also provide employees an advantage in dealing with financial issues from unexpected medical expenses or emergencies.
According to surveys conducted in 2015, employees spend too little time understanding and choosing their benefits during open enrollment periods. Many do not fully comprehend their health insurance policies and costs. They expect employers to cover the majority of benefit expenses but lack savings to pay potential out-of-pocket medical costs. Face-to-face enrollment helps answer questions, though online is preferred. Employees show a slight increase in wanting to engage more with benefits decisions yet remain wary of managing options themselves.
Only 17% of employees report understanding their total annual healthcare costs extremely well, while more than half don't fully understand their major medical insurance policies. Additionally, 9% say they do not understand their annual deductible costs well at all. Most employees agree that healthcare and health insurance situations are too complicated and confusing to understand, with 71% believing their personal health insurance will become more confusing and 75% thinking healthcare reform is too complicated.
76% of employees say that an employer's overall benefits package is influential in their decision to leave a job. 59% of employees are likely to take a job with slightly lower pay if it offers a more robust benefits package. Nearly half of employees are likely to look for a new job in the next year, and 45% of those employees say that improving their employer's benefits package could influence them to stay in their current job.
The document summarizes findings from a 2015 survey that showed many employees do not feel financially prepared for unexpected medical costs or emergencies. Specifically, over half of employees would struggle with costs of serious injuries or illnesses, less than half have a financial plan, and around 40% do not feel prepared to pay out-of-pocket medical costs. Additionally, over 30% do not feel financially secure in the event of an emergency and nearly 30% lack confidence in their ability to handle financial impacts of unexpected life events.
Employees who are satisfied with their overall benefits packages and feel their benefits meet their families' needs are much more likely to also be satisfied with their jobs compared to employees who are unsatisfied with their benefits. Additionally, if employers did not provide the desired level of health insurance, 80% of employees would be likely to purchase additional insurance to ensure adequate coverage if it was affordable. Benefits are also very or extremely important to employees' job satisfaction, work productivity, willingness to refer friends, loyalty to their employer, and decision to leave a company.
Employees have high expectations for their health insurance and benefits selection experience according to a 2015 study. 89% of employees agree they expect higher quality health insurance and more decision making tools and support since they are responsible for more of their own healthcare costs. The study also found 89% want additional resources to help with choosing and enrolling in benefits.
Over half of employees have less than $1,000 available to pay for unexpected medical expenses, and many are concerned about maintaining their health benefits and increasing out-of-pocket costs. Nearly a quarter have visited the emergency room or suffered an injury in the past year, and over 20% do not feel fully protected by their insurance. Despite these realities, only a small minority are extremely satisfied with their overall benefits packages.
The document summarizes key findings from the 2015 Aflac WorkForces Report on the education industry:
- It surveyed over 900 employees and 150 business decision-makers in the education industry. Hispanic employees made up 12% and Millennials 28% of those surveyed.
- 56% of employees were satisfied with their benefits packages and 67% satisfied with their jobs.
- Employers increasingly offered benefits like dental, life, and disability insurance between 2014 and 2015. They also increasingly implemented high-deductible health plans and cost-sharing measures between 2013 and 2015.
- Actual changes to hiring and compensation in 2015 matched projections from 2014 fairly closely with some small differences.
This document summarizes key findings from the 2015 Aflac WorkForces Report on the construction industry. Some key points:
- The report surveyed 179 employees and 110 business decision-makers in the construction industry. Hispanic employees made up 13% and Millennials 27% of employees.
- 56% of employees were very or extremely satisfied with their benefits packages and 74% with their jobs. Employees valued benefits like insurance.
- Employers increasingly offered benefits like insurance between 2014 and 2015. They also increased costs for employees through higher copays and premium shares.
- Actual industry hiring and compensation changes matched projections fairly closely between expected and actual levels in 2014 and 2015.
2015 Aflac WorkForces Report | Presentation For BrokersAflac
The document summarizes key findings from Aflac's 2015 WorkForces Report on benefits trends. It finds that confusion remains around healthcare reform, costs continue rising, and financial preparedness is a concern. Employers are focused on controlling healthcare costs but lack understanding of reform. Employees feel unprotected and distracted by financial issues. Voluntary benefits have grown in popularity as a way to help meet needs. The report is based on surveys of over 5,300 workers and 2,000 employers.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...ABHILASH DUTTA
This presentation provides a thorough examination of Over-the-Top (OTT) platforms, focusing on their development and substantial influence on the entertainment industry, with a particular emphasis on the Indian market.We begin with an introduction to OTT platforms, defining them as streaming services that deliver content directly over the internet, bypassing traditional broadcast channels. These platforms offer a variety of content, including movies, TV shows, and original productions, allowing users to access content on-demand across multiple devices.The historical context covers the early days of streaming, starting with Netflix's inception in 1997 as a DVD rental service and its transition to streaming in 2007. The presentation also highlights India's television journey, from the launch of Doordarshan in 1959 to the introduction of Direct-to-Home (DTH) satellite television in 2000, which expanded viewing choices and set the stage for the rise of OTT platforms like Big Flix, Ditto TV, Sony LIV, Hotstar, and Netflix. The business models of OTT platforms are explored in detail. Subscription Video on Demand (SVOD) models, exemplified by Netflix and Amazon Prime Video, offer unlimited content access for a monthly fee. Transactional Video on Demand (TVOD) models, like iTunes and Sky Box Office, allow users to pay for individual pieces of content. Advertising-Based Video on Demand (AVOD) models, such as YouTube and Facebook Watch, provide free content supported by advertisements. Hybrid models combine elements of SVOD and AVOD, offering flexibility to cater to diverse audience preferences.
Content acquisition strategies are also discussed, highlighting the dual approach of purchasing broadcasting rights for existing films and TV shows and investing in original content production. This section underscores the importance of a robust content library in attracting and retaining subscribers.The presentation addresses the challenges faced by OTT platforms, including the unpredictability of content acquisition and audience preferences. It emphasizes the difficulty of balancing content investment with returns in a competitive market, the high costs associated with marketing, and the need for continuous innovation and adaptation to stay relevant.
The impact of OTT platforms on the Bollywood film industry is significant. The competition for viewers has led to a decrease in cinema ticket sales, affecting the revenue of Bollywood films that traditionally rely on theatrical releases. Additionally, OTT platforms now pay less for film rights due to the uncertain success of films in cinemas.
Looking ahead, the future of OTT in India appears promising. The market is expected to grow by 20% annually, reaching a value of ₹1200 billion by the end of the decade. The increasing availability of affordable smartphones and internet access will drive this growth, making OTT platforms a primary source of entertainment for many viewers.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
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Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
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As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
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Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.