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4-step checklist eases open enrollment process

by on
in Compensation and Benefits,Human Resources

If you’re like most U.S. employers, your workers sign up for health insurance coverage during a two- or four-week span—known as open enrollment—in late October or early November.

Although no law or regulation re­­quires employers to stage open enrollment, it has become an annual rite of autumn simply because so many in­­sur­­ance plan years begin with the New Year. A fall sign-up ensures all the paperwork and payroll deductions are in order when the plan year starts.

Beyond meeting deadlines, open enrollment is your best opportunity to:

  • Explain available benefits
  • Communicate changes in benefits programs
  • Allow employees to make changes in their benefits elections
  • Let employees update critical information such as new health plan insureds (if they have recently married or had a child) and new life insurance beneficiaries.

Open enrollment is also a great opportunity to promote the tools and educational materials that help empl...(register to read more)

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