Despite the best efforts of brokers, more than 9 in 10 employees will select the same plan they had the previous year during open enrollment, a recent survey from Voya Financial found.
Although this research shows that inertia plays a role for employees in making benefits changes, it also found that nearly half of eligible employed Americans spend less than 20 minutes reviewing information related to their workplace benefits during open enrollment period. The good news is that nearly 80% of employees "strongly agree" or "agree" they will spend more time reviewing their employee benefits options and coverage this year than they did during the last enrollment period.
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
Already have an account? Sign In Now
© 2025 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.
