BROOKFIELD, WI – From health care transparency to paid family leave, the International Foundation of Employee Benefit Plans' 2016 Election: Employee Benefit Issues survey report examines campaign issues greatly impacting U.S. workplaces. With the 2016 election right around the corner, employers are gearing up for proposed changes and taking a stance on different platforms.
"Several important employee benefit issues have emerged as key issues during this year's election," said Julie Stich, CEBS, associate vice president of content at the International Foundation. "Our survey results show employers support a varied mix of benefit issues being debated."
In health care, the top issues employers support are:
- More health care provider price transparency (96%)
- Tax-favored status of employer-provided health coverage for employers (87%)
- Small business health plans (a.k.a. association health plans) that allow small businesses and other groups to join together to offer benefits to their workers/members (85%)
- Increased access to mental health care (84%)
- Tax-favored status of employer-provided health coverage for workers (82%).
For other benefits-related topics, the top issues employers support are:
- Tax-favored status of employer-provided retirement savings for workers (91%)
- Tax-favored status of employer-provided retirement savings for employers (88%)
- Tax exclusions for child-care expenses (75%)
- Tax credits for businesses that hire apprentices (64%)
- Consolidation of different types of retirement savings vehicles (60%)
- Living wage/increased minimum wage (59%)
- Mandated paid family leave (54%).
"The world of benefits is constantly changing. Regardless of the election's outcome, employee benefits will evolve," said Stich. "To protect the financial future and health of their employees, employers will need to understand and accommodate changes to benefits. Fortunately, over the past many years, benefit professionals have shown they're up to the task."
Survey responses for the 2016 Election: Employee Benefit Issues report were received from 486 human resources and benefits professionals representing all sectors: public employers, corporate/single employers and multiemployer plans. The surveyed organizations represent a wide base of U.S. employers from nearly 20 different industries and range in size from fewer than 50 to more than 10,000 employees. Respondents answered survey questions from the perspective of their role as a plan sponsor/fiduciary.
View the full 2016 Election: Employee Benefit Issues survey report at www.ifebp.org/2016election.
About the International Foundation of Employee Benefit Plans
The International Foundation of Employee Benefit Plans is the premier educational organization dedicated to providing the diverse employee benefits community with objective, solution-oriented education, research and information to ensure the health and financial security of plan beneficiaries worldwide. The Foundation has more than 31,000 multiemployer, corporate and public sector members representing over 25 million lives. For additional information, visit www.ifebp.org.