It’s open enrollment season, and once again, you’re frustrated with the employees.
Despite all the options your HR team works hard to offer them, employees insist on making less-than-optimal choices, refuse to research new benefits, don’t seem to read any of the material you share with them, and continually pester you with the same questions over and over again.
It’s aggravating, we know. But put yourself in an employee’s shoes. On top of everything else you need to get done for work, you somehow have to accurately estimate your family’s health needs for the entire coming year, decode confusing insurance jargon, and compare plans with features that rarely align one-to-one.
It’s not surprising that nearly half (49%) of workers don’t understand their benefits. Nor is it shocking that the average employee hates choosing benefits as much as asking for a raise or renewing their driver’s license.
Fortunately for both employees and HR teams, open enrollment is getting easier, more streamlined, and — most importantly — much less maddening thanks to a new class of tools that help employees forecast healthcare usage and costs.
These tools are often referred to as health insurance calculators.
The most powerful health insurance calculators (think of them as the enterprise-class) are decision-support tools, the best of which can help employees predict their needs and spending, compare plans, and make satisfying decisions in minutes.