Open Enrollment tends to be one of the more stressful times of the year for many of our clients. Whether you have to navigate group or individual open enrollment, you will have important decisions to make concerning your health and financial future for the next year. Managing those decisions can certainly be stressful, which is why we’re here to help. Providing advice and attempting to streamline the process are just some of the services we provide. With a little preparation, we can help make this year’s open enrollment the smoothest yet.
What You Can Do
As your prepare for open enrollment, one of the best things you can do is to plan ahead. If you have an individual policy, take some time to go over how well your health plan has been serving you. Consider your finances and health history when reviewing your plan. This is also an excellent time to contact us with any questions you might have about plan changes, availability, or any other questions you have. We are happy to go over plans with you.
If you are administering a group plan, preparation for open enrollment is even more important. Preparing to answer your employees’ questions, updating records, soliciting employee input, and analyzing you benefit offerings. It is helpful if you have can provide us with a list of eligible employees. We can then compare our list to yours, and fix any discrepancies. Knowing who is eligible can go a long way to making the process easier. If you are planning on changing carriers or plans, it is important to notify your employees of that change. While the law does not require you to do so, it is a good practice so as to minimize confusion. New providers mean new networks, and a possibly a new drug formulary. It is important that your employees know about these changes in advance, so they can make informed elections.
What We Do For You
As open enrollment approaches, there are several things that we can do for you. If you are interested in looking at different carriers, let us know. We can see if there are available plans that may be less expensive. Let us know what your goals are, and how your current benefits have been working for you. If you’re satisfied, we can make sure your renewal is seamless. If you want to look elsewhere, let us know! Once we have that information, we can work on tailoring a quote that addresses your needs.
Another way in which we can help streamline open enrollment is to provide communications to your employees. These communications not only serve as a reminder to your employees about the benefits you provide, but also help them to make informed choices about their open enrollment elections. We can provide these communications either digitally or via mail. Further, we can include forms to allow the employee to make elections and get them back to us directly for processing.
Finally, if you are thinking about adding new benefits, let us know! We can provide you with quotes from different carriers, to get your the best price for your benefits. Adding benefits to your offering can go a long way to helping your employee retention rate. If you’re interested in adding these benefits, please contact us at 612-492-9320, and we will be happy to start the quoting process.