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Colonial Life survey: Half of employers eye voluntary insurance benefits for employees
By Insure.com staff

About half of employers expect their employees to pay more for health insurance benefits within the next year, according to a survey by Colonial Life & Accident Insurance Co.

The survey found that 49 percent expect employee deductibles or co-pays to increase and 51 percent expect premiums to go up.

In addition, 49 percent plan to add employee-paid voluntary insurance benefits, such as life insurance, to complement core health coverage benefits.

Colonial Life surveyed more than 750 human resource managers and benefits administrators at the Society for Human Resource Management annual conference in Las Vegas in July.

"Not surprisingly, employee benefits have taken a hit as companies wrestle with the rising cost of providing health coverage to their workforce," Randy Horn, president and CEO of Colonial Life, said in a statement. "Offering voluntary products that complement core benefits can help companies better manage their costs."

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