Is Your Business Under Financial Stress?

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Information about Is Your Business Under Financial Stress?

Published on January 16, 2016

Author: soniadoll65


1. UNDER FINANCIAL STRESS Employee findings from the 2015 Aflac WorkForces Report showed: 68% agree1 they regularly underestimate the total cost of injuries or illnesses, including medical, household and out-of-pocket costs. 52% have less than $1,000 to pay out-of-pocket expenses associated with unexpected serious illnesses or accidents, and 28% have less than $500 available. 44% would have to use a credit card and/or borrow from their 401(k) or other retirement account to pay out-of-pocket costs associated with an unexpected serious illnesses or accidents. 20% have had difficulty paying a medical bill due to high medical costs. 9% have missed bill payments2 due to high medical costs. 17% have been contacted by a collection agency due to outstanding medical bills and/or had their credit score negatively impacted due to high medical costs. Source: 2015 Aflac WorkForces Report, conducted in Jan. 2015 by Research Now on behalf of Aflac. 1 Includes those who completely, strongly and somewhat agree. 2 Includes car, credit card and/or rent/mortgage payments. Z150335 American Family Life Assurance Company of Columbus 4/15

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