Experts say employees should evaluate their open enrollment during COVID-19

Maryland

WASHINGTON, ( WDVM ) — Open enrollment is coming up for many Americans, but because of the pandemic, many employees are evaluating their benefits differently to ensure financial security.

According to a survey from MetLife, the distribution development and benefits delivery organization says that some employees are placing more importance on the benefits election process than they did last year.

Results show 2 in 3 listing issues relating to the pandemic, and 1 in 3 citing personal finance issues.

Data analyst say this year is crucial for employees to research and understand their benefits properly, because, we do not know what next year will bring.

Meredith Ryan-Reid, Senior Vice President of Financial Wellness & Engagement, MetLife stated

” We think it’s really important that people look at their supplemental health benefits, and also take the time to look at things like life insurance, and certainly a will.”

Data analyst say, if you do not understand something, now is the time to speak with your employer to gain clarity, and to maximize your benefits to your full ability.

Duke Health recommends these tips:

Know Your Needs

Calculate Your Costs

Consider Family Changes

Identify Your Provider Network

Evaluate Your Health Savings (HSA) and Flexible Savings Account (FSA)

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Local News Headlines

Days
Hours
Minutes
Seconds

Stay Connected

Events

Don't Miss

More Local News

Trending Stories