Fact Sheet: Large Employees
Overall Benefits Package
  • 5% of employees at large companies say their employer does not offer insurance benefits.
  • The benefits package for employees at large companies includes:

 Benefits  %  Benefits  %
 Major Medical  80%  Disability Insurance  75%
 Life Insurance  78%  Voluntary Insurance  58%
 Critical Illness  44%  Flex Spending Plan  73%
 Dental Insurance  80%  401(k) or pension  81%
 Vision Insurance  76%  Flex Work Options  43% 

  • 36% of employees are only somewhat satisfied with their overall benefits package; 14 % are not very/not at all satisfied.
  • 30% of workers say their current benefits package only meets their family’s needs somewhat well; 14% say their benefits package meets their needs not very/not at all well.
  • When asked if they feel fully protected by their current insurance coverage, 38% of workers at large companies say they only somewhat agree; 24% say they somewhat/strongly disagree.
  • A little more than one-fourth (28%) believe their benefits packages are less competitive than that of their peers.
  • Nearly half (49%) of employees at large businesses agree they would be more informed about health insurance choices if an insurance consultant were present during enrollment.
Benefits Communications
  • 43% agree that a well-communicated benefits program would make them less likely to leave their jobs.
  • 45% of employees say they don’t receive enough communication about employee benefits from their HR departments.
  • 38% say they get their insurance advice/information from colleagues, friends and/or family.
  • 20% of workers at large companies believe their HR departments communicate not very/not at all effectively about employer benefits; 41% say their HR teams communicate only somewhat effectively.
  • 41% of employees say they are only somewhat informed about benefits offered at their companies, and 12% say they’re not very/not at all informed.
Benefits Engagement
  • Only 9% of employees strongly agree they need to be more engaged in making decisions about their health insurance coverage.
  • 68% of employees strongly agree they would be more likely to take advantage of a benefits package tailored to their personal situation.
  • The majority of employees (60%) say that an overall benefits package is very/extremely influential on work productivity.
  • 50% of employees say adequate insurance coverage would play a significant role in helping them cope with personal issues.
  • When asked if they take full advantage of their company’s benefits packages, 39% of employees at large companies say they only somewhat agree; 18% say they somewhat/strongly disagree.
Level of Protection and Preparedness
  • 45% of employees at large companies say they are not very/not at all prepared to pay out-of-pocket expenses not covered by major medical insurance.
  • 27% have less than $500 available to pay out-of-pocket health care costs resulting from an accident or serious illness.
  • Of the 42% of workers who have experienced issues affecting their ability to get work done, 46% say they experienced immediate family problems.
  • Nearly half (48%) of employees say their level of health insurance coverage greatly influences their financial stability.
  • When asked if they have confidence in their ability to cope with the financial impact of possible events, such as illness or injury, 33% of employees say they only somewhat agree; 31% say they somewhat/strongly disagree.
Role of Voluntary Benefits
  • 58% of employees at large companies say they are offered voluntary benefits; however, only 33% are enrolled.
  • 30% of employees at large companies say additional voluntary insurance benefits would allow them to meet their coverage needs while another 35% say the additional benefits would provide more comprehensive insurance coverage.
  • The majority (61%) of employees say they would be likely to purchase voluntary insurance benefits offered by their employers.
  • 14% of employees say their HR departments are not very/not at all knowledgeable about voluntary benefits; 40% say their HR organizations are only somewhat knowledgeable.

The 2012 Aflac WorkForces Report was conducted January 24–February 23, 2012, by Research Now on behalf of Aflac.