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 ...
07/10/2026
Dalet, a leading technology and service provider for media-rich organizations, today announced the latest Long-Term Supported (LTS) release of Dalet Flex. Build...
06/09/2026
June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...
20/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
20/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
20/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
20/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
20/08/2026
IPC Expands Brazilian Presence with New Channel Partner CCATech
Industry veterans Carlos Abrah o and Bruno Lopes strengthen local support and expand IPCs prese...
20/08/2026
Zixi Enters Mauritius Market Through Strategic Deployment with MTC Jockey Club
Worlds Oldest Horse Racing Club in the Southern Hemisphere Selects Zixis Softwar...
20/08/2026
LA JOLLA, CA-Scripps Research assistant professor Tiantian Liu has received a five-year NIAID DP2 award from the National Institute of Allergy and Infectious Di...
20/08/2026
Audiences reveal appetite for multicultural Australia on-screen 20 August 2026
Dr Georgie McClean, Dr Rebecca Huntley (L-R)
By Dr Georgie McClean and Dr Rebec...
20/08/2026
How Mavis Studio Is Expanding Live Production Teaching at Sussex
Brie Clayton August 19, 2026
0 Comments
Hero image displays a student about to mix be...
20/08/2026
Vertical Unscripted Series Legal Queens Captured with Blackmagic Design
Brie Clayton August 19, 2026
0 Comments
Reality TV veteran Eric Gardner create...
19/08/2026
As the cost of IP nears price parity with traditional SDI, Reynolds argues that ...
19/08/2026
A private 5G bubble was chosen instead of traditional broadcast RF for the race ...
19/08/2026
(L-R) Rafael Manuel and Isabel Sicat attend the Filipi ana premiere during the 2026 Sundance Film Festival at The Ray Theatre on January 23, 2026, in Park Cit...
19/08/2026
Studio owners invited to have their say on rates cuts
The Music Producers Guild (MPG) are inviting UK-based studios to take part in an in-depth survey that ...
19/08/2026
Vintage-inspired desktop interface revealed
Harrison's latest hardware offering sees them head into the world of audio interfaces, delivering a 10-in/12...
19/08/2026
Granular effect remains locked to scale and tempo
Described as your dream granular effect , Minimal Audio's latest creation is capable of turning any s...
19/08/2026
First polyphonic SWAM instrument incoming
Audio Modeling's latest physical-modelling orchestral instrument is just around the corner, and is now availab...
19/08/2026
World Cup Games Generate 84 Billion Minutes Across FOX, Fox Sports 1 and NBCU...
19/08/2026
July brought typical peak-holiday drops in viewership, driven primarily by viewers stepping away from screens and a visible decline in reach across both traditi...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Henry joins BCE as the company accelerates its commercial strategy and expands its international presence across the media, broadcast and technology markets. He...
19/08/2026
iWedia, a leading provider of software solutions for connected TV devices, today announced a major milestone in Android platform optimization with the successfu...
19/08/2026
NTP Technology announces that ST 2110-30 audio-over-IP connectivity with AES67 and RAVENNA capabilities is now available for the brand's world-class audio i...
19/08/2026
Net Insight has been selected to provide its Nimbra platform by the service provider Big Blue Marble, formerly ORS Group, as the core media transport solution f...
19/08/2026
LiveU has supported Coventry City FC and several other top-flight UK football clubs through one of their most demanding live production challenges of the year, ...
19/08/2026
Nature Seekers Documentary Shot with Blackmagic URSA Cine 12K LF
Brie Clayton August 18, 2026
0 Comments
Filming endangered turtles required camera...
19/08/2026
Neyrinck Brings D-Control Consoles Back to Life on Apple Silicon with D-Control ...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Riedel Communications today announced that Edith Cowan University (ECU) in Perth, Australia, implemented a comprehensive communications infrastructure that brin...
19/08/2026
QuickLink, a leading provider of award-winning video production and remote guest contribution solutions, will spotlight a major leap forward in remote guest con...
19/08/2026
Integrated platform melds media asset management, playout automation and newsroom workflows
EMAM, PlayBox Neo and SNEWS have officially launched Nuvex, a conne...
19/08/2026
Screen Australia releases the Private Investment Toolkit to strengthen screen in...
19/08/2026
Do Aussies truly value local content? Unpacking Screen Currency 2026 with Deirdr...
19/08/2026
There's an early Christmas gift for Bookish fans, as UKTV confirms the re-commission of the hit U&alibi drama, created by and starring Mark Gatiss. Viewers ...
19/08/2026
Wednesday 19 August 2026
Sky gives sports fans the chance to watch multiple liv...
19/08/2026
On Saturday September 5 Katie Taylor will step into the ring for the fight of her life against Flora Pili in front of 80,000 fans in Croke Park. A legendary fig...
18/08/2026
SportStream 2026, a free three-day virtual event, will take place September 15-17. One registration provides access to all three days of live programming and on...
18/08/2026
BeckTV will introduce BeckFlow to the European market at IBC2026, demonstrated on the Providius stand (10.F53).
BeckFlow is a web-based schematic documentation...
18/08/2026
Boland Communications will introduce a SMPTE ST 2110 input option for its 4K monitors at IBC2026, along with a new 55-inch super-narrow bezel display for video ...
18/08/2026
Dolby Laboratories and the Seattle Seahawks have announced a partnership integrating Dolby OptiView into the Seahawks' live streaming coverage, making the S...
18/08/2026
For BMG Executive Producer of Sports Production, Graham Taylor, producing live s...
18/08/2026
TMRW Sports has appointed Rufus Hack as President of Golf, a newly created role in which he will lead the company's golf businesses including TGL presented ...
MetLife's Employee Benefits Trends Study Reveals High Demand for Customizable Offerings - New Educational Video Series Gives Consumers An Inside Look Into Benefits Options 
