Search results
For many business owners, open enrollment 2024 ends sometime in December. In most cases, open enrollment for the ACA marketplace ends on January 15, 2025. Some states with health exchanges offer extended enrollment periods with end dates further into the new year, such as California, New Jersey, and New York. It’s always a good idea to check ...
Oct 25, 2024 · 6. Hold Q&A sessions. Depending on the size of your organization, it's smart to kick off with a company-wide meeting to cover the main points and introduce any changes. Then, follow up with a series of smaller, optional sessions where employees can ask questions and dive deeper into the benefits.
- Lisa Oyler
Analyze feedback from team members and HR staff involved in last year’s open enrollment. Identify any trends in benefits utilization that could inform this year’s offerings. Use these insights to make adjustments to your communication strategies, enrollment tools, and plan options. 2. Set a timeline and deadlines.
Jun 18, 2024 · Communicate early and often; share important dates and benefits information at least 2 weeks prior to your enrollment start date and follow up with weekly reminders. Use multiple channels of communication. Take advantage of email, instant messaging, your company’s intranet, information sessions, webinars etc.
Employee 401 (k) contributions for 2022 will rise by $1,000 to $20,500 with an additional $6,500 "catch-up" contribution allowed for those age 50 or older. During open enrollment, highlight the ...
- 1800 Duke Street, Alexandria, 22314
- (800) 283-7476
Open enrollment is an important time of the year for employees, HR professionals, and the overall organization. It’s also a time when companies must put their best compliance foot forward. From HSA contribution limits to ACA affordability, there are several guidelines HR professionals must follow to avoid any instances of noncompliance.
People also ask
How important is open enrollment for HR professionals?
Why is open enrollment important?
Why should employees make benefit changes during open enrollment?
Are employers preparing for open enrollment?
What does open enrollment mean?
When should you plan for open enrollment?
Sep 12, 2024 · Key Steps to a Successful Open Enrollment. 1. Select a Broker You Trust. Choosing a broker who will act as your advocate is incredibly important. They should be available for internal project planning, team communications, and liaising with insurance carriers. Ensure your team has someone with at least some experience in benefits administration ...
