For instance, those with a lower income were far less likely to participate in an employer’s major medical, life and disability insurance programs, and fewer opted for a 401(K).

They were less likely to feel that they had enough information about benefits at open enrollment time, they weren’t as satisfied as those with a higher income with the insurance claim process, and they tended to be less satisfied with their medical appointments as well.

The survey also revealed specific health care trends regarding millennials, boomers and wellness programs. Highlights include these facts:

• Despite millennials’ confidence about their financial future, more than half at least somewhat agree that medical bills have hindered their ability to save;

• Boomers are also most likely to report feeling a financial impact from consumer-driven health care, adding further uncertainty to their retirement considerations;

• Even though 63 percent of employees participate in their company’s wellness program almost the same amount are pessimistic about the influence their companies’ programs have on their health.

“While health literacy and financial preparedness is low among a majority of Americans, socioeconomic gaps are emerging: Higher-income households, or those earning $100,000 per year or more, are more likely to understand and take advantage of their health care benefits than lower-income households, or those earning less than $50,000 per year,” the study said. “Why is this difference in health care literacy and enrollment a concern? Because lower income households are significantly less prepared to cope with financial fallout stemming from illnesses and injuries. These are the households that most need to comprehend and take advantage of the health care benefits available to their families, because many are just one serious medical incident away from economic ruin.”

The full study can be downloaded at the Aflac Workforces Report site.