The majority of people are willing to take a lower paying job if it means having better healthcare and benefits, a survey from Voya Financial found. Voya Financial's vice president of supplemental products, Christin Kuretich, joins Wealth! to break down the findings of the report and what they mean.
"To think that someone would actually value their healthcare and benefits over a salary is a pretty big deal, and what I think this says to me is that people are feeling the squeeze more than ever in being able to mitigate those healthcare costs when health events happen and so salary is important, but having coverage for an unexpected health event is even more important," Kuretich tells the Wealth! team.
For people considering what benefits plan is right for them, Kuretich recommends making use of the tools commonly offered by enrollment platforms. "What's really great now is more and more of these benefit enrollment platforms are featuring things called decision support tools ... so that can take into account your income, your dependents, even your prior year healthcare spend in some cases, and then make a recommendation.
I would encourage people to use those if that's part of your benefit enrollment. There's the option to skip, but maybe give it a whirl and go through it and see what the algorithm will recommend for you because it may bring to light some benefits that really weren't on your radar that could be best for you and your family."