Pink piggy bank with stethoscope on it (Photo: Shutterstock)

During open enrollment, most employees probably aren’t thinking further out than the next 12 months when deciding which health plan to choose. In fact, some employees may not even be thinking clearly about the current 12 months. A recent paper from Voya and SAAVI Financial notes that confusion and inertia lead employees to select suboptimal health plans, reducing their ability to save effectively for retirement.

Related: HDHPs have limited effect on spending growth, NBER study finds

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Danielle Andrus



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