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2024 State of Employee Benefits Report: Generational Insights
Benefitfocus
June 7, 2024 "Across all generations, employees continue to enroll in traditional plans (PPOs) at a higher rate than HDHPs, and more than half of employees are still choosing traditional plans. ... Across accident, critical illness, hospital indemnity, identity theft, legal and pet benefits, Generation X has the highest participation overall, followed by Millennials and Baby Boomers. ... Participation in HSA plans is higher than FSA plans across all generations except Traditionalists. ... Across generations, higher salaried individuals choose HDHPs over traditional plans when both are offered." |
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