MetLife's Employee Benefits Trends Study Reveals High Demand for Customizable Offerings - New Educational Video Series Gives Consumers An Inside Look Into Benefits Options
NEW YORK - September 30, 2013 - Annual enrollment season is a critical time for employees to ensure they make the best benefit choices for themselves and their families for the coming year. While employees of all generations say they value the benefits provided to them through the workplace, 61 percent were on auto pilot' and did not make any changes to their plans during the annual enrollment season1 last fall - potentially missing out on money-saving options available to them at work.
MetLife, a leading provider of employee benefits, is helping employees make the most out of this annual enrollment season by encouraging employees to stop auto-enrolling in benefits, watch informative videos to help evaluate options, and enroll in the benefits they need. MetLife, in partnership with the experts in DIY online content, Lifehacker, a studio Gawker production,created an educational video series to help employees make the right benefits decisions for themselves and their families. The series features topics including:
Getting Insurance at Work
Life Insurance
Auto Insurance
Accident and Critical Illness Insurance
Legal Services
View the entire series online at MetLife's new YouTube Learning Center: YouTube.com/MetLife
As we approach annual enrollment season, employees should take another look at all of their benefits options - and take full advantage of the informational and educational tools available to them. MetLife's research shows that while employees of all ages report that they value their benefits because benefits mean they worry less about unexpected health and financial issues, there are keydifferences in the concerns and issues faced by each generation in the workplace, said Michael Fradkin, senior vice president, Voluntary & Worksite Benefits, MetLife. By becoming more educated about the benefits options available to them, and taking the time to make the right choices, employees can help to ensure that they are not leaving money on the table this annual enrollment season.
Generational Differences Drive Benefit Choices MetLife's 11th Annual Study of Employee Benefits Trends found that generational differences can play a major role in the benefits choices employees make, with nearly three quarters (74%) of respondents saying they would value their employer offering more personalized benefits geared towards their age group.
Generation Y Most Concerned with Job Security and Risks Associated with Job Loss Many Gen Y (born between 1981 and 1994) employees entered the workforce during economic uncertainty and 44 percent say they are very concerned about meeting monthly living expenses and financial obligations. Gen Y employees are also heavily burdened by student debt and worry about job security. More than half (54%) are concerned about having enough money to pay bills in the event of a job loss.
Additionally, Gen Y is more likely than other generations to look to their employer for help in achieving financial security through benefits. More than half (51%) of Gen Y report that benefits were a very important reason for why they chose to work for their current employer.
Given their financial concerns and interest in accessing benefits through work, Gen Y employees should look for insurance plans with prompt reimbursement, and where possible, take advantage of group discounts and low deductibles.
Generation X Employees Feel Least Financially Secure Gen X (born between 1965 and 1980)are most likely raising families and their concerns focus on job security, covering monthly living expenses and paying for children's education. According to the MetLife study, Gen X is concerned with both the present - in terms of making sure that their children are covered and taken care of - and the future, with concerns about their financial security as they age. The study found that:
Sixty-three percent are concerned about the status of their retirement savings;
Sixty-three percent are concerned about outliving their savings;
Nearly four in five surveyed do not have high expectations for support from Social Security; and
Fifty-seven percent say they are willing to bear more of the cost of benefits rather than lose coverage.
With many Gen Xers focused on raising children, during this annual enrollment season they should look for comprehensive dependent coverage with competitive and predictable costs and premiums.
Younger Boomers Feel Financially Squeezed Younger Boomers (born between 1956 and 1964) are less concerned about job security than younger workers, but 51 percent are very worried about their financial security in the event of adisability or serious illness and 35 percent are very concerned about paying for their children's education. Among their concerns:
Forty percent say they are living paycheck-to-paycheck
Seventy-four percent agree the amount of money they expect to receive from Social Security will be significantly reduced by the time they retire, compared to what recipients receive today;
Forty-three percent are very concerned about the status of their retirement savings;
As Younger Boomers age into high-disability years (50-year-olds are twice as likely to suffer a disability as 40-year-olds)2 , Younger Boomers should take stock of the disability insurance options available to them through the workplace, and determine whether supplemental disability insurance could help to alleviate some of their financial concerns.
Older Boomers Have New Expectations Older Boomers' (born between 1946 and 1955)relationship with their benefits has changed as home equity, retirement funds and their 401(k) investments lost value due to the financial crisis. Of those Older Boomers s
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
06/09/2026
June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
When Canada qualified for the FIFA World Cup 2026, OneSoccer knew this wasn'...
04/07/2026
Celebrates company's 80th anniversary
Rhodes have recently revealed that they will be producing a limited run of electric pianos in celebration of their...
04/07/2026
Blackmagic Design Cameras Empower Youth Broadcasting Program
Brie Clayton July 3, 2026
0 Comments
Blackmagic Pocket Cinema Camera 6K Pro and Blackmagi...
04/07/2026
iZotope Joins Boris FX
Boris Yamnitsky July 3, 2026
0 Comments
iZotope, the team behind RX and Ozone, is joining Boris FX. A letter from founder Boris...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
03/07/2026
New bundle & three Single Packs
Continuing to expand their already sizeable orchestral collection, VSL's latest release introduces three new Single Pack...
03/07/2026
Venue installs new ATC-equipped control room
LSO St Luke's, a unique music venue that also serves as the home of the London Symphony Orchestra, have rec...
03/07/2026
Caden Pearson appointed new Commissioning Editor for NITV
3 July, 2026
Media releases
National Indigenous Television (NITV) has strengthened its commitment...
03/07/2026
1 February 2023
SHARE Facebook Twitter Linkedin Email
Munich, Germany, 1st February 2023: Cinegy GmbH, the premier provider of software technology for digit...
03/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
03/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
03/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
03/07/2026
Death Star
Andy Marken July 2, 2026
0 Comments
Look, I can't get involved. I've got work to do. It's not that I like the Empire; I hate i...
03/07/2026
Berklee's New Visual Identity: Honoring Our History, Building for What's...
03/07/2026
Scripps Research scientists awarded $2M to advance global disease surveillance Two Gates Foundation grants will expand wastewater surveillance and AI-driven dis...
03/07/2026
Joan Pulupa joins Scripps Research faculty to study the organization of DNA in brain cells and its links to neurodegeneration Using smell-sensing neurons and ad...
02/07/2026
Entering her senior year, this hometown girl is paving a career in live sports production gaining experience in replay and audio and as a TD
In the live-sports...
02/07/2026
In-venue and creative video staffers at the professional and collegiate level ha...
02/07/2026
BLAST, a competitive entertainment company focused on esports, has announced more than $133 million in revenue for 2025, representing more than 40% year-over-ye...
02/07/2026
Riedel Communications has announced official SKAARHOJ panel support for SimplyLive production workflows, enabled through the SimplyLive 2.1 release. The integra...
02/07/2026
The Fire Rescue Service of the Czech Republic has deployed LiveU video-over-bond...
02/07/2026
Gravity Media USA has announced the appointment of Brittney Boston as Head of Business Development, effective July 1, 2026. Based in Nashville, Tennessee, Bosto...
02/07/2026
TwelveLabs, a video intelligence company, has announced $100 million in Series B funding co-led by NEA and NAVER Ventures, with participation from Amazon, Radic...
02/07/2026
The Pro Padel League (PPL) has announced a broadcast partnership with USA Sports that will air five PPL championship matches on CNBC during the 2026 season, the...
02/07/2026
LiveLike, a digital fan engagement platform, has announced eight confirmed FIFA ...
02/07/2026
Cobalt Digital has received Future's Best of Show Award, presented by AV Technology at InfoComm 2026, for its blueCORE family of standalone signal processor...
02/07/2026
Synamedia has announced the appointment of Dr. Tzvi Gerstl as Chief Executive Officer. Paul Segre, who has served as CEO for the past six years, will transition...
02/07/2026
The Esports Foundation (EF) and Sony Group Corporation have announced an expanded collaboration for the Esports World Cup 2026 (EWC), taking place in Paris, Fra...
02/07/2026
Zee Entertainment Enterprises Ltd. ( Z') has announced exclusive broadcast and digital rights for the Bundesliga in India for five years, beginning with the...
02/07/2026
An effort uniting News, Sports, Local, and Telemundo, the 50+-camera live produc...
02/07/2026
Zoey Deutch, John Slattery, Ken Marino, Miles Gutierrez-Riley, and Ben Wang appe...
02/07/2026
Stammering, stuttering, strangulated tones
The Crow Hill Company's latest creation promises to be the most original sound set they've produced to d...
02/07/2026
A new era in unmixing and spectral editing
The latest version of Steinberg's spectral audio-editing software has just arrived, building on the strength...
02/07/2026
Aims to simplify additive synthesis
Sine Machine is the debut launch from Melatonin, a Vienna-based developer who have spent the past six years creating wha...
02/07/2026
Products to remain fully active & supported
Following the news of Native Instruments joining the inMusic brand line-up, Academy and Emmy Award-winning visua...
02/07/2026
What you missed!
Last weekend, Saturday 27 June 2026, saw the debut of Sound On Sounds new GearExpo UK event, the largest dedicated pro-audio event to take ...
02/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
02/07/2026
Following the successful launch of its inaugural APAC Mentoring Programme last month, the Rise AV APAC Regional Council will bring the conversation around mento...
02/07/2026
Blackmagic PYXIS 6K Used to Shoot Director Takahisa Zeze's Cry Out
Brie Clayton July 2, 2026
0 Comments
Highly mobile camera supports tense and de...
02/07/2026
Broadcast Solutions acquires BFE, expanding its lead in European broadcast, medi...
02/07/2026
Berklee Alum and Faculty Perform at Boston Public Library's 250th Anniversar...
02/07/2026
Broadcast Solutions GmbH, a leading systems integrator and provider of innovative solutions for the broadcast media industry, is acquiring BFE Studio und Medien...
02/07/2026
Cinegy GmbH, the premier provider of software-defined television technology, has extended the ingest facility at leading Brazilian sports company LiveMode, work...
02/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
02/07/2026
Standalone processors acknowledged for the innovation and value they bring to Pro AV
Cobalt Digital, a leading designer and manufacturer of signal processing ...
02/07/2026
Synamedia announced today the appointment of Dr Tzvi Gerstl as Chief Executive Officer. Paul Segre, who has served as CEO for the past six years, will transitio...
MetLife's Employee Benefits Trends Study Reveals High Demand for Customizable Offerings - New Educational Video Series Gives Consumers An Inside Look Into Benefits Options 
