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. Fourth Quarter is the time to get an early start on helping 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.
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 cost and performance. This way, you can learn if there are more effective options available freesexvideo. Do not neglect aspects like vision and dental coverage, if your company offers these.
Make the big decisions about how you will administer open enrollment. Will only new employees or those changing plans need to submit forms, or will you have everyone update their documents? What support services will you be able to offer? The more you know early, the better your process will be.
Insurance can be confusing. Make sure that employees understand their options. Explain how changes might affect them and their families. Help them understand how to make the best purchasing decisions for their circumstances and needs.
You may wish to consider creating educational materials that focus on the steps involved in selecting the right plan. These materials can teach them how to evaluate factors like deductibles, co-pays and out-of-pocket maximums and weighing them against other factors like premiums. You may wish to create a few examples so that people can see the implications of different plan choices in the real world.