Covid-19 Pandemic Puts Focus on Health Benefits Enrollment Season

by Tamara E. Holmes
Oct 12, 2020 9:40 AM ET
Coivd-19 Pandemic Puts Focus on Health Benefits Enrollment Season image credit Yahoo Finance

Originally published on Yahoo Finance

Every year, workers make changes to their benefits options during open enrollment season. But this time around, the COVID-19 pandemic had raised the importance of the annual process.

In a typical open enrollment period, 92% of employees select the same benefits as they did the previous year, and they spend, on average, 33 minutes to complete the task. However, a new survey by supplemental insurance provider Aflac shows that this year, nearly half (49%) plan to spend more time researching their health insurance options because of the pandemic.

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