Did you know that the average American spends about $1,200 each year on prescription drugs? Prescription drug prices in the United States rank among the highest across the globe. And with drug prices on the rise, 1 in 4 Americans are paying more today than they were a year ago. Start Saving Today It’s no […]
As the COVID-19 pandemic continues to wage on, its effects on benefits planning for next year are being felt—especially as open enrollment season approaches. According to Mercer’s Global Survey #5, 20% of employers surveyed said updating benefits programs to better meet employee needs was an HR area in which companies are seeing an increased need […]
Problem: Do They Have An Organized Process For Managing Mid-Year Changes? In any given year, an employer is guaranteed to have to process changes due to qualifying life events. Similar to open enrollment, this process can involve forms, changes in rates, new deductibles, and more. Without a system, this process can take several hours per […]
As the largest group in the workforce, Millennials comprise a large percentage of new hires. Millennials also expect sufficient technology from their employer, because they believe that technology is key to successful performance at work. Additionally, engaging new employees is key to increasing retention and engagement. It’s important to avoid first-day stress with pre-boarding activities […]
Problem: Are You Tracking Enrollment Progress? Tracking enrollment progress can be a tedious, error-prone process. Many employers rely on a quarterly wage and tax report or their own Excel spreadsheet to track down employees that have incomplete or missing enrollment forms. They likely use the same report or spreadsheet to identify which employees need to […]
Paperwork is complicated, especially in the context of benefits. When it’s time for enrollment, an employer must determine which employee is eligible for which plans, and distribute the proper forms. Then, the employee has to complete, sign, and submit the forms, in addition to verifying that each field is correct. This causes plenty of […]
Few things strike fear into an HR Adminstors heart more than the thought of open enrollment.