2024 State of Employee Benefits Report

The 2024 State of Employee Benefits Report is a comprehensive analysis that reveals trends to assist organizations in benchmarking their benefits programs and refining their strategies. The report highlights the enrollment patterns among different generations, indicating that 64% of employees chose traditional health plans while 36% opted for high-deductible health plans in 2024. Notably, 45% of Generation Z employees selected HDHPs, contrasting with lower percentages among older generations. The report also emphasizes the importance of offering a range of voluntary benefits to cater to diverse employee needs. It discusses how understanding generational differences can enhance benefits communication and offerings. Additionally, the report presents data on employer premium contributions and participation rates in Health Savings Accounts, which have declined by 20% from 2022 to 2024. This document serves as an educational resource, providing insights into optimizing benefits strategies and improving employee engagement with benefits programs.