What online tool does Workday offer for employees to project their future benefit costs?

What online tool does Workday offer for employees to project their future benefit costs?

• A. Benefit Analysis Tool
• B. Benefits Cost Estimator
• C. Plan Comparison Guide
• D. Contribution Calculator

Answer: (B)

The Benefits Cost Estimator provided by Workday is designed specifically to help employees forecast their future benefit costs. This tool allows users to input various factors, such as expected healthcare usage, salary, and family status, to project how much they may need to budget for their benefits in the upcoming year. It empowers employees to make informed decisions regarding their health benefits by illustrating the financial implications of different coverage options. This functionality is essential as it offers a personalized estimate, catering to the unique circumstances of each employee, which can significantly influence their choices during open enrollment or benefit selection periods. By using the Benefits Cost Estimator, employees can better align their benefit selections with their financial planning and healthcare needs, ensuring they choose the most suitable options for their situation.

The Benefits Cost Estimator provided by Workday is designed specifically to help employees forecast their future benefit costs. This tool allows users to input various factors, such as expected healthcare usage, salary, and family status, to project how much they may need to budget for their benefits in the upcoming year. It empowers employees to make informed decisions regarding their health benefits by illustrating the financial implications of different coverage options.

This functionality is essential as it offers a personalized estimate, catering to the unique circumstances of each employee, which can significantly influence their choices during open enrollment or benefit selection periods. By using the Benefits Cost Estimator, employees can better align their benefit selections with their financial planning and healthcare needs, ensuring they choose the most suitable options for their situation.