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For people in the benefits world, it’s always good to look back and see what recent history tells us about open enrollment trends.
Benefits professionals see fall season is highlighted by annual enrollment—the time when employees can choose their next year’s health insurance, along with a wide range of other benefits from legal services to pet insurance.
Even though the open enrollment period lasts just a few weeks, the preparation behind the scenes takes months. Throughout the year, organizations spend countless hours researching medical plans offered by insurance providers, drafting and revising communications to their people, and brainstorming new benefits they can offer. Most HR managers want the next annual enrollment period to be better than the last one.
For 2018, Alight Solutions processed annual enrollment elections for over 7.4 million eligible employees.
Our analysis shows two main themes: