Millennials are by far the most confident about their ability to make the right benefit decisions, with 96% feeling “highly confident” versus 66% of Gen Xers and 64% of baby boomers, according to a recent survey conducted by The Guardian Life Insurance Company of America. However, nearly 80% of employees spend less than two hours evaluating their group medical, dental, life and disability insurance options and those same Millennials are in danger of being uninsured, according to the survey.

Benefits & Behavior 2011: Spotlight on Enrollment Trends reveals that only 32% of all employees describe their approach to open enrollment as one where they give a “careful review” to their benefits options and details. Millennials are more likely than their older co-workers to say they carefully enrolled in available benefits options (half vs. 30% of Gen Xers and 31% of baby boomers).

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