Aflac, a provider of voluntary insurance, announced results from the 2016 Aflac WorkForces Report, revealing how Millennials are more likely to embrace a nontraditional approach to pay their medical expenses compared to older generations. They also are more likely than non-Millennial generations to regularly underestimate the total cost of healthcare issues.
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The online study, conducted by Lightspeed GMI on behalf of Aflac between January and February 2016, surveyed 1,500 benefits decision-makers and 5,000 employees at small, medium, and large companies from across the United States.
“Employer-sponsored healthcare coverage is essential for employees,” Aflac Senior Vice President and Chief Human Resources Officer Matthew Owenby said, in a press release. “But as costs continue to rise, the younger generations appear more likely to tackle health care-related financial issues by means that older generations would not consider, including crowdfunding.”