How COVID-19 is impacting the way employees evaluate open enrollment and their benefits

Published: Oct. 20, 2020 at 4:58 PM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

WAUSAU, Wis. (WSAW) - Open enrollment is coming up for millions of U.S. workers – but amid the COVID-19 pandemic, the way employees are evaluating their benefits has seen a dramatic shift as employees remain anxious about their own financial security.

In fact, a new MetLife survey shows employees are placing much greater importance on the benefits election process than they did last year, and many are expressing a newfound determination to improve their financial health. Additionally, given the influx of major life changes being precipitated by the pandemic, many workers are showing a notable shift in interest to specific benefits, as well as intentions to take more time reviewing their choices.

Survey highlights include:

• Nearly half of workers say open enrollment is more important this year than it was in 2019 – with two in three citing a COVID-19 reason, and one in three citing personal finance issues

• Three in four workers say there are specific benefits they’re more interested in this year

• 69% say improving their financial health is a big goal this year, and 45% say they feel insecure about some aspect of their finances

Meredith Ryan-Reid, Senior Vice President for Group Benefits at Metlife joined NewsChannel 7 at 4 to explain what people of all backgrounds and life stages should be thinking about when it comes to maximizing the value of their employee benefits.

For more information, visit

Copyright 2020 WSAW. All rights reserved.