You have 6 weeks…

You have 6 weeks…

It’s hard to believe that with 80+ degree weather in the air that we are just a few weeks away from the start of the 4th quarter in 2017. Time is beginning to move faster than it has ever before, as most families are getting used to the back- to-school schedule, after school activities, and early bedtime schedules!

Many employers will renew their group health plans on January 1st and aim to have employee open enrollment completed before Thanksgiving.  Here are some helpful tips to get you through the next six weeks:

  • Have a timeline and work backwards: If employer groups are going to hold open enrollment from Nov 1st -15th, you have about six weeks to review your designs, develop a game plan, and execute.
  • Start to work on your communication goals now: What messages do you want to get across to your employees? Design and contribution changes are a minimum.  Use this time to educate employees on the tools and resources available to them.
  • Make sure the left hand knows what the right is doing: Groups, agents, insurance vendors, payroll systems and online enrollment systems all need to speak to each other.  Each have their own deadlines.  Groups need to make sure someone, typically their agent, is project managing all of these areas to ensure deadlines are met.

Use these next six weeks wisely to avoid last minute work and employee disruption!

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Meet the Author

Matt Cole, Vice President, Client Strategy

Matt Cole brings a wealth of experience and knowledge within the Health and Benefits industry.  He was most recently the Manager of New Business Sales and Growth for Blue Cross Blue Shield of Michigan and also served in a variety of roles within Aon Hewitt – one of the nation’s largest Health and Welfare consulting practices. Matt focuses on market trends, carrier contracting, network and product evolution, and optimization of benefit plans.  He specializes in working with customers to create and identify long-term strategies  that are both competitive and comprehensive by design.

 

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