Employer matching worked because it dialed into some fundamental truths in behavioral economics: left to their own devices, most people don't build savings for either retirement or health care. (Image: Shutterstock)

Organizations are once again gearing up for open enrollment. This time, though, they're doing it under tumultuous circumstances.

The COVID-19 pandemic has heightened the perennial concerns of open enrollment: managing rate increases and delivering valuable benefits. In this environment, optimizing benefits to cut costs and help employees build long-term savings is critical.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Consumer Driven Health Care
Employee Participation
Employer-Paid
Defined Contribution