Employees don’t get their money’s worth during enrollment
Just 56 percent of employees say they feel very confident they'll make the right decisions during open enrollment, and a majority just keep making the same choices each year or fail to actively enroll, potentially leaving money on the table, according to a new survey.
By Kathryn Mayer|October 16, 2012 at 09:05 AM
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Just 56 percent of employees say they feel very confident they will make the right decisions during open enrollment, and a majority just keep making the same choices each year or fail to actively enroll, potentially leaving money on the table, according to a new survey.
Approximately one in five workers who had the opportunity to participate in a benefits enrollment last year failed to act and defaulted to either the prior year’s choices or their employer’s default choices. Men (24 percent) were twice as likely as women (12 percent) to fail to act.
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