Employee-paid benefits? Huh?

Just half of those eligible take advantage of voluntary benefits, survey finds.

While 78% of millennials and 70% of all workers eligible for employee-paid workplace benefits said they were more likely to work for a company that offered the benefits, only 49% of those eligible actually took part in them, according to a survey conducted by Voya Financial.

The benefits offered were insurance programs typically covering critical illness, hospital indemnity, and income lost through disability or accidents.

The survey found that 31% of those eligible for benefits admitted they do not fully understand any of those they selected during their most recent open enrollment period. A previous Voya survey found that 73% of those who are benefits eligible are interested in support and guidance tools that help them understand how much money to put aside for retirement, emergency savings and health care expenses.