- One in 10 early boomers received an “F” grade.
- One in four millennials received an “F” grade.
- One in four employees says that making benefit selections is more of a guessing game than an educated decision.
- Provide advance information/reminders about noteworthy changes and the timing of the upcoming enrollment period.
- Allow at least two weeks for the enrollment period.
- Do off-cycle enrollment when introducing new benefits – especially more complex products such as permanent life insurance, individual disability insurance or supplemental health insurance (e.g. accident, hospital indemnity, cancer, critical illness).
