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As an employer, providing a robust employee benefits package is only half the battle. Educating on the value of their benefits and how best to use them is equally important. We recently surveyed nearly 60,000 of our participants. One of the questions we asked: What benefit would you like to learn more about?. In this article, we share the top three benefits they said they would like more education on to help you prepare for your upcoming open enrollment.
HSA participants save money by contributing funds to their HSA pre-tax. The funds are then available for use on eligible expenses. While their popularity continues to soar, this was the number one benefit participants said in the survey that they wanted more education on. To effectively educate employees about HSAs, consider the following strategies, keeping in mind their preferred learning methods (which are outlined in the infographic below):
LSAs provide employees the flexibility to allocate funds for non-medical expenses, such as wellness programs and educational courses. To educate employees about LSAs and meet their preferred learning methods, consider the following approaches:
Pet insurance has gained significant interest among employees. To educate employees about the advantages of pet benefits, consider the following strategies:
By understanding the preferred learning methods of your employees and aligning them with comprehensive educational resources, employers can empower their workforce to make informed decisions about their benefits during open enrollment.
Would you like to learn more about the results of our participant survey and how to set yourself up for a successful open enrollment based on their feedback? Get our guide below!
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The information in this blog post is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.
WEX receives compensation from some of the merchants identified in its blog posts. By linking to these products, WEX is not endorsing these products.
Subscribe to our health benefits blog and follow us on social media to receive all our health benefits industry insights.
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