Guess How Many Workers Don't Understand Their Workplace Benefits
With open enrollment season at work about to kick into full swing, now's the time for most employees to put some serious thought into their benefits. Unfortunately, it's a process that proves harrowing for a surprising number of people. That's because nearly 50% of U.S. employees don't understand their benefits materials, or so reports the International Foundation of Employee Benefit Plans, and thus are ill equipped to make smart decisions during open enrollment.
But if you think that sounds like a problematic statistic, wait -- it gets worse. In a 2017 Aflac study, 74% of workers revealed that there are at least some components of their benefits they don't understand. Furthermore, 92% of workers say they simply choose the same benefit year after year rather than attempt to navigate their options. If the idea of selecting your benefits this season is enough to make you sweat, here are some tips for getting through open enrollment and making the best choices.
HE'S NOT THE ONLY ONE CONFUSED. IMAGE SOURCE: GETTY IMAGES.
Source: Fool.com
