The words "open enrollment" are known to cause employees' eyes to glaze over. But it is possible to create true engagement — and better benefits selections.
Year after year, research shows that of the 155 million Americans that rely on employer-sponsored coverage, most spend mere minutes selecting their benefits during open enrollment. The first step to course correcting? Stop talking about benefits just once a year.
"Employers should not focus on [benefits] communications at annual enrollment only," says Stephen Durso, associate director of client service and delivery at Willis Towers Watson Health and Benefits. "Make it a throughout-the-year thing. Short, helpful and informational messages can build knowledge over time, and help build excitement when it comes to enrolling."
Read more: Healthcare or financial security? Empower employees to choose both
As employees get ready to make their selections this season, any "excitement" around open enrollment is likely driven by stress. As workers stare down an uncertain economy amid historic inflation rates and lingering COVID concerns, better managing their own healthcare and benefits spend is top of mind. According to a recent survey by Voya, 70% of employees plan to spend more time reviewing benefits during open enrollment this year.
With global healthcare costs on the rise as well, employers and benefit advisers have their work cut out for them this enrollment season. EBN checked in with top advisers to collect their best tips for building a successful and engaging open enrollment that will leave employees feeling empowered and prepared.