Your Last-Minute Open Enrollment Checklist

| posted in Blog, Newsletter

By now you should be prepared and ready to go for your 2020 employee benefits open enrollment. You should have all your plan documents and have prepared or held presentations for your staff to explain the benefits package and any major changes to the plans that you offer. Employees should be familiar with how to use the enrollment portal and who they should talk to if they have questions. To be on the safe side, there are a few things you should do to make sure you maximize enrollment, that your employees have the correct materials and that you are…
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Budgeting and Prepping for Open Enrollment

| posted in Blog, Newsletter

If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. With recent new regulations, options have changed for employers and you need to stay focused on maximizing your outcomes within your budget. You also want to drive participation, as that too can reduce overall rates for you. Prepping for open enrollment The basics Familiarize yourself with the various options that you have: Health maintenance organizations – HMOs are typically the least expensive…
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5 Things You Should Do After Open Enrollment

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Open enrollment is over! Time to take a breather after the chaos, right? Not so fast. There are still a lot of tasks on your plate. Research shows that people who like their health plans are more likely to stay with the company. But, many people do not understand the coverage that they have. To help them better understand the benefits that they have available, put this post open enrollment plan into place. 1. Write an email explaining special enrollment periods and when they might apply to employees. In most cases, employees can only enroll in new health coverage during…
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5 Tips You Can Use for Open Enrollment Success

| posted in Blog

Open enrollment for the new year’s health insurance plans can be one of the most hectic times of year for you and your human resources department. This is the one chance many employees have to make healthcare decision that will affect them all year long. You want to do everything you can to make your enrollment a success for the people who work for you. 1. Start early. The earlier you begin, the smoother your open enrollment process will be. Begin by reviewing your current insurance offerings with your broker, network partner and third-party administrator to assess your current plan’s…
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The Top 5 Free Tools You Can Use to Simplify Open Enrollment

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Most human resources professionals aren’t fortunate enough to have a line item in their budget for “Open Enrollment promotion,” so you have to get creative! Having a great enrollment season requires a great deal of dedication and perseverance on the part of the HR and benefits team, and that includes finding free or inexpensive ways to encourage people to enroll early (and correctly) to receive the benefits that your organization provides. We have found that these 5 free tools are extremely effective ways to help employees understand their benefits and make their benefits decisions! 1. Create a Benefits Overview Video…
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5 Ways to Reduce Confusion During Open Enrollment

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Keeping everyone on the same page during your employee benefits enrollment period can be a challenge. From new employees who need to learn the ropes to individuals who are having a difficult time with technology, communication is critical throughout the open enrollment process. Creating an employee benefits enrollment process that works not only for the Human Resources team but also for the rest of the organization requires time and planning to effectively execute. Benefits are an incredibly important part of an employer’s payroll costs, making up approximately 32% of the total payroll. That makes it critically important that open enrollments…
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Getting a Head Start on Open Enrollment

| posted in Blog, Newsletter

As open enrollment is right around the corner, now is the time to gear up to maximize employee enrollment, help them make the best selections for their own personal circumstances, and stay compliant with relevant laws and regulations. It’s a lot to take in as uncertainty has been a constant during the last many years with the onset of the Affordable Care Act, and now that its future is hazy at best. Still, since health coverage and other employee benefits are an important part of your compensation package – and your competitive edge for talent – it’s important that you…
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New Summary of Benefits and Coverage Template Must Be Used Now

| posted in Blog, Newsletter

There is a new Summary of Benefits and Coverage template that health plans will be required to use during open enrollment for the 2018 plan year. The new templates were introduced in 2016 and took effect for plan year or open enrollment periods beginning on or after April 1, 2017. The new template is the first major revision of the SBC template since 2012, the first year that health plans were required to use them as required by the Affordable Care Act. The new template has a number of changes that you should know about: There is a new row…
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Breaking News: POTUS Signs Executive Order on Healthcare

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This morning, President Trump signed an Executive Order intended to improve access, increase choices and lower costs for healthcare. Below is a brief summary of what we know so far. Directs the Labor Secretary to consider regulations/guidance – within 60 days – expanding Association Health Plans, for the purpose of allowing employers in the same line of business anywhere in the country to join together in offering healthcare coverage to their employees. This potentially allows employers to form AHPs through existing organizations, or create new ones for the express purpose of offering group insurance. This could lead to the sale…
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