Lincoln Financial and EBRI Research Highlights the Critical Importance of Benefits Education and Communication
Lincoln Financial and the Employee Benefit Research Institute released a three-part study of 408 employers, 170 brokers and 1,130 employees on voluntary benefits education ahead of annual enrollment. Key findings include 74% of employers citing positive recruitment and retention effects from voluntary benefits, but only 11% offering accident, critical illness and hospital indemnity insurance together.
Key figures
- Study sample
- 408 employers, 170 brokers, 1,130 benefits-eligible employees
- End of period account balances
- $366 billion
- Employers citing positive effects
- 74%
- Employers offering all three supplemental health products
- 11%
- Employees spending four hours or less on enrollment materials
- 86%
AI analysis
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