STUDY OF EMPLOYEE BENEFITS: 2006 & BEYOND - Prudential
STUDY OF EMPLOYEE BENEFITS: 2006 & BEYOND - Prudential
STUDY OF EMPLOYEE BENEFITS: 2006 & BEYOND - Prudential
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Teach Them Well<br />
Employees Want Greater Support<br />
in Understanding and Using<br />
Their Financial Benefits<br />
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Employees express concern about having adequate medical insurance<br />
and retirement income, but many are also concerned about their family’s<br />
financial security in the event of their premature death, a disability, or the<br />
need for extended care following an illness or injury.<br />
Unfortunately, many don’t fully understand or appreciate how their<br />
employers’ benefit plan offerings can better prepare them financially for<br />
these unforeseen events. Furthermore, a majority of plan sponsors are<br />
currently either unaware or unable to address their employees’ need for<br />
financial education and advice.<br />
An increase in voluntary benefits, defined contribution plans, and<br />
consumer-directed health plans will place even greater responsibility<br />
on employees to select and pay for the benefits that best meet their<br />
family’s needs. Consequently, benefits education and communication<br />
will be increasingly valued at the workplace.<br />
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