Open Enrollment of Employee Benefits
Each year groups go through the renewal process with their benefits. This is often a hectic time that is filled with questions, concerns, and worry. In this article, we will go through the various tips and tricks to keep your Open Enrollment streamlined, hassle free, and simplified.
Steps To Enhancing Your Open Enrollment
Online Open Enrollment
Online Open Enrollment portals are becoming the norm in the industry. Carriers, TPAs, Brokers, they are all trying to build their own verision of what they feel the Open Enrollment Experience should incompass. Online Open Enrollment enables users to easily access critical plan details, make educated decisions on plan options, illustrate the value of employer contributions, and most importantly it verifies they are getting the coverage the individual needs.
Previously these open enrollment experiences were filled with incorrect data, hassles in getting information in timely, confusion on plan options, and no real assistance besides a quick employee meeting each year. While not all Open Enrollment portals are created to handle every contingency the Sanus Benefits Portal was built as an Online first solution.
Using the online workflow provided through Sanus Benefits for Open Enrollment enables users to access propreitary features not avaliable elsewhere. These features encapsulate the entirety of the process and Quoted Employee Benefit Plans in a quick easy to understand format.
Accessible & Knowledgable Employee Benefits Specialist
Having an individual well versed in the various carriers coverages is extremely important in the Open Enrollment Process. Usually these individuals were strictly a resource to the administrator, leaving individuals without assistance other than waiting on hold for hours with their carriers. Employees should not only be able to speak to Consultants only at Open Enrollment meetings.
Generally individuals have families on their plan with specific needs and questions that need to be answered. A lot of Open Enrollment softwares do not account for this or brush it off as non important, however, it is the most important piece to enrolling your group effectively. Individuals need Benefit Specialists knowledge to select the right coverage for their family. Open Enrollment only happens once a year, so if they get it wrong they have a long period of waiting without adequate care.
Sanus Benefits provides a benefit consultant via a live chat button at anytime on the portal. Users can message their consultant day or night in a quick and easy format. This allows for users to get the information they need when they need it. All of the consultants are HIPPA compliant and your consultant will generally remain the same throughout the life of your policy.
Benefit Plan Details, Resources And Education
Previously, groups would hand out a bible of information each year at Open Enrollment. Then spend about an hour going through 5 pages of the Bible. That is the extent generally of the plan education individuals recieved. This method was insufficent to say the least.
Providing all of the various coverage, plan, and carrier details in an easy to digest referencable solution allows for users to pay a subtantial amount less and employers a healthier workforce. Users should not be hesitant in anyway to get the care they need, and leaving no doubt about the prices they pay and coverage they will receive gives them confidence and a sense of ease rather than feeling overwhelmed.
Your staff shouldnt be confused on which SBC (Summary Of Benefits & Coverage) to look at, or which network to search for the various plan options, or if HSA and PPO coverages have the same benefits.
This where Sanus Benefits truly shines. We put together all of the information necessary in making a plan decision and often times provide even further information not accessible elsewhere. Not only is the SBC, Network, and all of the Plan Details provided, but we also have unique features such as the Carrier Enhancements feature. This feature allows individuals to review additional plan details and coverage enhancements not usually seen on the spreadsheet or SBC.
Enabling Employers and Employees to save Thousands while still receiving better benefits.
Open Enrollment Employee Benefits Compliance
Compliance is a major issue in the Open Enrollment process. Often times groups are not compliant with the various regulations and laws that govern the benefits they offer. This can lead to fines, penalties, and even lawsuits. Keeping track of whether you have met all of the compliance requirements as a group is a full time job. These requirements, such as ACA, ERISA, HIPPA, and COBRA, are constantly changing and evolving.
Working with an experienced active Consultant that is knowledable about these laws and regulations is a necessity. Whether its reporting, tracking, or just general mandates having an online portal such as Sanus Benefits is of the utmost importance. You need a service that stores your Section 125 documents, ACA Reporting, and other compliance documents in a secure location. The most common issue with Compliance at Open Enrollment is getting out required updated Mandates each year.
Sanus Benefits automates the creation of the various compliance requirements including placing all required open enrollment mandates in your Benefit Packet. Employees have access to this packet at anytime throughout the year online. Sanus Benefits offers this at no cost to you.
Open Enrollment Is Easier With Sanus Benefits
Whether you are intersted in quoting unique health plans such as the Association of General Contractors Health Plan, want a comprehensive online quoted review of your Employee Benefits, or you just want a portal that can Administer your Benefits throught the year more effecitvely. Sanus Benefits is the no cost solution for you. All of our clients gain access to the portal with all its features at no additional cost. Every single month you currently pay your consultant/broker with commissions that are built into your plan. What are you getting for it? Are you getting a portal that can quote your benefits, administer your benefits, and provide you with a compliance solution? If not, you are paying too much. Create an account by clicking the button below to enhance your Open Enrollment experince along with the rest of your benefits. It doesnt cost a dime to get started, but it will end up saving you tens of thousands.
