As an employer, the healthcare coverage you choose to provide your employees has a big impact on their lives. Many aren’t just hoping for ample coverage for themselves, they’re also looking to provide insurance for their loved ones, too. Barring a Qualifying Life Event such as marriage, divorce, or the birth or death of child, employees will have to stick with the options they select until the next open enrollment period for the following plan year. Such an important decision can feel overwhelming, but a little forethought and preparation can go a long way in helping you prepare for enrollment.
Employees should also prepare for open enrollment to ensure they make the best choices in coverage for themselves or their families. An employee should review his or her current healthcare coverage policy and note any changes in income. Additionally, healthcare needs for the primary account holder and his or her family should also be assessed before beginning the enrollment process. Employees should be strongly encouraged to fill their prescriptions, see their provider and have any further consultations they need BEFORE their plan renews. This ensures that the employees have everything they need going into the new plan year in case of delays with the new plan.
Buying insurance doesn’t have to be overwhelming. If you’re trying to navigate ways to provide healthcare coverage for your employees or need help making a purchase, the Grigg Group can help! Contact us today and we’ll do the hard work for you by finding the right coverage that fits your company and your employees.