YOUNG WORKERS PLAGUED BY ‘PLANXIETY’ DURING OPEN ENROLLMENT

David Feinberg, senior vice president of risk and insurance at NAPEO member Justworks, contributed to an article highlighting a new report showing that many young employees are struggling to choose the right healthcare plan. One in five in this demographic say they lack confidence in selecting health insurance, and more than half say they don’t know much about the process because they’ve never had to choose their own plan. Many are turning to AI tools and social media instead of HR for guidance, and despite being aware of FSAs and HSAs, few actually use them. Feinberg says this data demonstrates the need for clearer benefits education to help young workers make informed decisions.