Enrollment

Here are six things benefits advisors' employer clients should keep in mind to better engage employees during open enrollment and help them reap the true value of their health plans all year.

Aflac found that more than half of American workers reported high anxiety about health care costs beyond what their insurance covers.

One notable change from last year is increased utilization because of delayed preventive or elective care during the pandemic, which declined from 12% to 4%.

Eighty-seven percent of large employers anticipate that group health insurance expenses will become unsustainable within the next decade, according to Kaiser research.

Value-based reimbursement promotes the delivery of evidence-based, high-quality care that encourages use of — rather than creating barriers to — high-value services.

Overall, the survey found that 38% of employer sponsored plan members were "extremely satisfied" with their plan.

Federal spending on Medicare Advantage bonus payments has increased nearly 30%, or $2.8 billion, since 2022.

The survey noted that the vast majority of plans (87%) do not cover "new" drug therapies.