Should You Spend More Time Picking a TV Than a Health Plan

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Should You Spend More Time Picking a TV Than a Health Plan
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Calendar03 October 2014

Here’s a statistic to keep in mind as we head into open enrollment season: 41% of employees spent less than 15 minutes researching their benefit options for 2013. That’s dismaying, considering that Americans typically spend four hours selecting a computer and two hours selecting a TV, both of which cost far less than the $6,000+ most families spend on health insurance in a year – but somehow not terribly surprising. If, like many employers, you’re introducing significant benefit changes for 2015, you might use that statistic in your communications to get employees thinking about how they research their other purchases -- for example, by reading consumer reports and reviews or comparing specifications -- and encourage them to apply similar focus to their benefit options.

Go to full article: news.wolterskluwerlb.com

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