If you just finished up your open enrollment meetings, the next 2 months are your make-or-break window. Miss a step, and you open yourself up to potential compliance risks and frustrated employees. Open enrollment is not just an HR milestone—it’s an integral part of your broader operational and financial strategy.
Your 9-Point Checklist
1. Carrier Elections Verification
Meticulously confirm all carrier elections are uploaded. No exceptions. One missed upload could mean weeks of administrative nightmare.
2. ID Card Preparedness
Anticipate and prepare for potential missing ID cards. Proactive communication can save your HR team hours of scrambling.
3. Payroll Deduction Audit
Scrutinize every single payroll deduction. Small errors compound quickly.
4. Compliance Checkpoint
Stay ahead of regulatory requirements. The benefits landscape is complex—don’t get caught off guard.
5. Invoice Investigation
Audit those early-year invoices with a fine-tooth comb. Catching discrepancies now prevents financial surprises later.
6. Employee Education
Develop a robust plan to educate employees throughout the year. The more they understand, the more value they’ll see in your offerings.
7. Qualifying-Event Functionality
Test your qualifying-event functionality. Ensure your systems can handle life changes smoothly and efficiently.
8. Enrollment Metrics Analysis
Analyze enrollment metrics and gather feedback. Every data point is a potential improvement opportunity.
9. Stakeholder Recognition
Recognize and appreciate the contributions of key stakeholders. Your benefits process is a team effort.
Don’t just survive open enrollment. Own it. Transform it from an administrative burden into a strategic advantage that sets your organization apart.
Want to talk about making your benefits program work harder? Connect with us on LinkedIn to learn how we’re different from traditional brokers.