Many U.S. employers say they may add voluntary benefits options within the next two years, according to LIMRA.
LIMRA, Windsor, Conn., has published that finding in a summary of results from a survey of an unspecified number of U.S. employers with 10 or more employees.
Life insurance and cancer insurance continue to be popular, and about 20% of the employers polled said they offer voluntary long-term and short-term disability insurance.
Researchers found that 30% of the employers are considering offering new voluntary, employee-paid benefits to replace existing employer-paid benefits.
Half of the employers with 1,000 or more employees are showing an interest in replacing employer-paid programs with employee-paid benefits, and the level of interest is higher at smaller employers, LIMRA says.
Some employers are thinking about adding a voluntary major medical or prescription benefit, and about 75% of those employers would be using the voluntary benefits to replace existing employer-paid benefits, LIMRA says.
- Warren S. Hersch