- Workers Keep to the Status Quo. More than half, 51%, of respondents reported they deliberately kept their choices the same, believing their personal needs were unchanged. Research shows the more actively employees review benefits materials, the more likely they are to make changes. In fact, 43% of those who actively reviewed materials deliberately kept the same options compared to 58% who only briefly reviewed them. Employers often change or add offerings, so it is beneficial to read enrollment materials to confirm whether the current selections remain the most appropriate.
- Savings is an Eye Opener. Many workers don’t realize the savings potential from workplace benefits, even if paid for by the employee. In fact, 68% of workers reported they would spend more time reviewing enrollment materials if they could save money by buying group insurance products.
- Knowledge Boosts Confidence. Reading benefits materials appears to boost confidence in decision-making. In fact, nearly two-thirds of people who actively reviewed information last enrollment season feel very confident about making the right decisions this year. However, only half of those who did not make that effort feel that confident.
Many U.S. Workers Likely To Leave “Money On The Table” During Benefits Enrollment Season
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