Open enrollment decisions can make or break an employee's year, and yet for many Americans, it's just something to quickly check off their to-do list.
For Jillian Mondaca, head of enrollment at insurance company Prudential Financial, it's on employers to change those habits. According to Mondaca, employees on average spend less than an hour choosing their
"We probably spend more time looking at a pair of shoes that we're going to buy versus medical coverage," says Mondaca. "How silly is that? Employees need to make informed choices during their annual enrollment."
Read more:
That's where employers come in. Mondaca advises companies to offer more guidance to employees during open enrollment rather than assuming employees know what's best for them.
Here are four best practices employers should keep in mind for their next open enrollment period.