Benefits May 22, 2002

Employees Rank Medical Insurance First

May 22, 2002 (PLANSPONSOR.com) - Employees rank medical insurance, paid vacations and retirement plans as their most important benefits, a new survey by AON consulting finds.
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The study, titled United States @ Work, asked 1,800 American workers to rank their company benefits on a five-point scale, with:

  • five being “critical”
  • four being “very important”
  • three “important”
  • two “somewhat important” and
  • one being “not important”

Of the 23 different benefits on the listing, 13 of the benefits received an average score of four or higher. 

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The top ten were:

  • medical insurance, which scored 4.62
  • paid vacation and holidays, with a score of 4.48
  • employer-paid pension, 4.43
  • retirement savings plan, 4.36
  • prescription drug card, 4.34
  • dental insurance, 4.30
  • ability to choose benefits that best meet your needs, 4.28
  • sick leave and short-term disability, 4.24
  • long-term disability insurance, 4.20, and
  • preventive/wellness coverage, which scored 4.11

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