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Will COVID-19 Impact Benefit Participation Rates?

Yuliya Esipov 5/12/2021

A by-product of the COVID-19 pandemic is that employees are placing a greater importance on the benefits offered by their employers, and are more closely examining their benefit needs. Will carriers see a positive impact on participation rates? Will they see any impact at all?

Summary

LIMRA recently asked full-time employees with insurance benefits what changes they made to their benefits package during their 2020 open enrollment period. The research found that:

  • Employees are not making broad changes to their benefits portfolio because of the pandemic;
  • The pandemic played an indirect role in many employees’ decision-making;
  • A desire for additional protection drove employees to make changes.

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Meet the Project Director

Yuliya Esipov

Yuliya Esipov joined LIMRA and LOMA in 2004. As Associate Research Director, her responsibilities include managing the U.S. workplace benefits dental and vision studies as well as employer and employee-focused benchmarking studies.

Esipov received her diploma in history from Moscow State University (Lomonosov’s) in Russia. She has a master’s degree in history from Bowling Green State University and a master’s degree in survey research from the University of Connecticut.

Associate Research Director, Workplace Benefits Research
LIMRA and LOMA
yesipov@limra.com


For more information, please contact yesipov@limra.com.

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