12/11/2024

Why Zillennials Would Rather Do Their Taxes than Complete Open Enrollment

More than half admit they have blindly chosen their health plan to avoid confusion

For many workers, open enrollment is well underway — and with healthcare costs on the rise, it's clear they have pivotal decisions to make for their financial future.

Unsurprisingly, Millennials and Gen Z dread dealing with the entire process.

HR software company Justworks surveyed more than 2,000 workers, focusing on how Zillennials (workers between the ages of 18 and 43) feel about open enrollment: 32 percent said that they would rather apply to a new job than go through the trouble of selecting new health insurance, and 29 percent said they would rather do their taxes. More than half of Zillennials admit they have blindly chosen their health plan because they didn't understand the terms in any of the plans offered, while 46 percent reveal that they regret their open enrollment decisions. On the other hand, just 25 percent of Gen X and Baby Boomer workers feel they make uninformed health plan decisions, and 24 percent regret their health plan choices.

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