This open enrollment season, employees are looking at benefits differently
Source: Fortune ·
Employees are entering the enrollment period with recent affordability trends top of mind and are scrutinizing the cost of their benefits accordingly.
From the source
Every day in claim and clinical operations, we see the human impact of decisions employees made months, sometimes years, earlier. An employee facing a serious diagnosis. A parent suddenly unable to work. A family navigating the loss of someone they love. In these moments, benefits are no longer an election on a form or a deduction from a paycheck. They become a source of financial stability and reassurance when life takes an unexpected turn. We also see what happens when employees don’t fully understand their coverage, overlook benefits that could help them, or discover too late that they declined protection they now wish they had. That perspective feels especially relevant this open enrollment season. Employees are entering the enrollment period with recent affordability trends top of mind and are scrutinizing the cost of their benefits accordingly. New research from New York Life Group Benefit Solutions found that 71% of employees closely evaluate whether voluntary benefits provide…