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Stock impact report

U.S. workers gamble with health insurance benefits, Unum finds

Unum Group (UNM) 
Last unum group earnings: 2/4 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.unum.com
Company Research Source: Business Wire
Half of workers will choose a high-deductible health plan, yet lack cash for out-of-pocket costs CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Nearly half (49%) of U.S. workers plan to enroll in a high-deductible health plan (HDHP) for the 2020 benefit season, according to employee benefits provider Unum (NYSE: UNM). However, 41% don’t plan on meeting their deductible in 2019 and 39% found it difficult to pay for out-of-pocket costs not covered by their health insurance, especially Millennials (55%) and Gen Z (49%). These findings and more are part of an online poll of 1,512 U.S. working adults conducted by Unum in August.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191105005728/en/Unum's annual enrollment guide is available for download at www.unum.com/enrollment. (Photo: Business Wire)HDHPs typically have deductibles — minimums people must spend before health insurance kicks in — of at least $1,350 for an individual or $2,700 Show less Read more
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