Preparation is Key
In the last half of 2016, employers will work diligently on reporting for the current year’s data as well as prepare for the new year. During the latter part of each year, employee benefits programs and their providers are carefully considered, and employers plan for open enrollment with their agents and employees. As the time comes for plan review and thought is given to benefit ROI and value, Employee Benefit News reports on a few things employers should consider.
To prepare for open enrollment, health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2017. In addition, health plan sponsors should make sure that open enrollment packages include certain participant notices. This Compliance Overview includes an open enrollment checklist for the 2017 plan year.
Of course, plan design isn’t the only topic of interest for employers. In a recent post, we discuss the top compliance concerns for 2017.
Help is Available
For more information about implementing an effective employee benefits program and ensuring ACA compliance, call your Taylor Insurance Services expert today. Don’t have a Taylor Agent? We’d love to get you connected to the Power of T. Call us today at (229) 247-6411. Our knowledgeable experts are ready to help you get the most out of your employee benefits program and develop strategies that both recruit and retain top-notch talent.
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