Financial News
4 Strategies to Make Open Enrollment Better
By:
3BL Media
December 02, 2021 at 04:00 AM EST
SOURCE: Aflac Incorporated
DESCRIPTION:
It’s no secret that employees don’t love open enrollment. The annual task of selecting benefits can feel more like a nuisance than an opportunity to find support systems and benefits offered by an employer. But that’s a missed opportunity for businesses and their workers.
According to Aflac’s 2020-2021 Workforces report, 93% of employees pick the same benefits each year rather than choosing new options. And according to a survey from Voya, 35% of workers don’t fully understand the benefits they sign up for. That can lead to low utilization — and wasted dollars.
KEYWORDS: Aflac, NYSE: AFL, EBN, Aflac’s 2020-2021 Workforces report
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