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Guardian: Smaller Employers Like Simpler Plans

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Benefits decision-makers at smaller companies appear to have somewhat different attitudes about benefit plans than decision-makers at bigger companies do.

Researchers at Guardian Life Insurance Company of America, New York, have looked at some of the differences in a summary of results from a recent survey of 300 U.S. benefits buyers.

In some ways, the buyers at small employers resembled buyers at bigger employers, the researchers report.

About 99% of the buyers at big employers said they see value in implementing wellness programs, and so did 82% of the buyers at small employers.

But only 57% of the small employers actually have wellness programs in place, compared with 90% of the large employers, the researchers report.

When researchers asked about the appeal of a “one-size-fits-all” benefits package, only 17% of the participants at large employers said they like the concept. At small employers, 41% of the buyers are willing to consider a one-size-fits-all package.