Snapshot of disability coverage revealed in The Harris Poll – OneAmerica® findings
May 1, 2019 | Business Wire
Roughly 4 in 10 working Americans (41%) report they have employer-sponsored disability insurance coverage, according to a new survey conducted online by The Harris Poll on behalf of OneAmerica®. However, less than one quarter of working Americans (24%) elect to have voluntary disability insurance through their employer ─ where employees have to pay for coverage themselves ─ leaving many without this key paycheck protection.
This new survey of short-term or long-term disability insurance coverage was conducted among 1,017 U.S. adults ages 18 and older who are employed full-time or part-time.
Disability Insurance Awareness Month is observed annually in May. OneAmerica uses the survey results to help educate consumers and to challenge assumptions.
Of the 64% of working Americans who report not having voluntary disability coverage, just under half (47%) say it is because their employer does not offer it; among them, nearly 3 in 5 (58%) say if their employer was to offer it, they would be likely to purchase it.
Those who do not have voluntary disability coverage through their employer cite the following as additional reasons for not selecting coverage:
- Don’t see the value (14%)
- Other obligations or expenses they feel are higher priorities (11%)
- Can’t afford coverage (12%)
- They think they are healthy and don’t need it (12%)