More than 50% of Americans are Considering Benefit Changes as a Result of COVID-19

Nov. 18, 2020 | PRNewswire

NEW YORK — Open enrollment is well underway and Americans are approaching it very differently than in years past. For instance, more than half of working Americans said they are likely to make benefits changes as a direct result of the COVID-19 pandemic, and nearly half (44 percent) are likely to make changes as a result of the presidential election. With this year’s pandemic prompting working Americans to re-evaluate their financial security amidst the biggest health crisis in a lifetime, selecting the right benefits can be a challenge.

Even though many working Americans will be making changes to their benefits as a result of the pandemic and the election, more than 65 percent will actually dedicate more time to researching Black Friday deals, such as what smartphone to buy or new TV shows to watch compared to researching their benefit options. The latest set of findings from Guardian’s 9th Annual Workplace Benefits Study also aimed to understand where gaps were with overall benefits knowledge.

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