We all know that Open Enrollment (OE) can be a chaotic time with what seems like an endless to-do list. Once you get through it can be easy to just let the dust settle and move on until next year! Here is a guide to wrapping up your open enrollment, preparing your strategy for next year and maximizing your broker resources!
When wrapping up your Open Enrollment, employers are checking in with their employees to ensure they’ve received their ID cards, those cards are reflecting the correct plans, their paystubs look accurate, and making sure everything is smooth and correct from an employee standpoint.
This is also a wonderful time to obtain feedback from them regarding the OE process. By verifying these details with employees and navigating any issues, this ensures the employees feel positive about their benefits experience and the support they have from their employer --as well as their broker.
Once you gather an idea of how Open Enrollment went for your employees, it is a great time to have a post open enrollment meeting with your broker! This allows a space to discuss what worked well from a communications and technology standpoint, where you or your employees had complications, and discuss your benefit package in comparison to the industry around you.
Here at Simco, our clients have an advisor and a benefits team to tackle open enrollment and ensure each benefits package caters to the specific needs of each company. We know the powerful impact a great benefit package can have on employee retention, employee morale, and a happier and healthier workplace all around!
Your Simco team is always looking for feedback on not only how we can make your open enrollment the best it can be, but how we can assist with any pain points your business may be experiencing.
You lead the conversation. After open enrollment, we will address the above experiences and create a plan. We are always ready and willing to take the conversation wherever best suits your companies needs and your vision.
Post Open Enrollment (or any time at all), we can discuss the following items to maximize your resources:
o Additional items pertaining to your benefits: COBRA, Compliance, ACA Reporting, etc.
o Administrative services we offer in addition to Benefits: Payroll, HR, Risk Management
If Open Enrollment has felt like a daunting task in the past, I hope this has given you the road map and motivation to take charge; and get the best experience moving forward for you and your employees!
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