Are most employees basically satisfied with their existing benefits package? Or are they so overwhelmed by choices that they don’t want to rethink an earlier plan decision?
The indication from research by LIMRA is that it’s more the latter than the former.
LIMRA surveyed some 3,000 employees about their plan enrollment thinking, and found that more than half—53 percent—said they spend less than one hour making the annual package choice. And most of them—64 percent—stayed with the previous year’s plan.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
