Once a year, employees enroll in benefits, ranging from healthcare and dental coverage to 401(k)s and life insurance — but do they really know what they’re signing up for and how it will impact their lives?
Americans listed health insurance as their most expensive medical expense, yet 44% have avoided care and services in the past year, according to data from insurtech company, HealthCareInsider. This points to a lack of understanding around benefits and what a health insurance plan actually covers, says Shannon Goggin, co-founder and CEO of tech company Noyo.
