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Young workers decline job offers because of insurance offerings: Study

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Indianapolis-based Anthem Inc. released a study this month showing that 35% of millennials aged 18 to 34 have turned down a job offer either fully or partially because they were dissatisfied with insurance offerings, compared to 27% of U.S. respondents overall.

Anthem reports that many employers are “upping the ante with trendy wellness benefits in an attempt to attract and retain younger employees” but could be missing the mark by offering subpar insurance benefits. Millennials are particularly interested in disability insurance, which can ensure financial stability for younger workers, the report said.

“For many living paycheck to paycheck, an injury or illness that leaves them unable to work could have innumerable negative outcomes, not the least of which is moving back in with mom and dad,” according to a press release. “Of survey respondents who did not have disability insurance, many reported lacking coverage because either their employer did not offer it (53%) or because it was too expensive (32%).”