In today’s workplace, the benefits you offer are key to your business’s long-term success. Key areas of your operations, such as job satisfaction and employee retention, are directly impacted by the group health plan you offer. Creating and enrolling your staff in a comprehensive, sustainable plan not only supports your employees but your company’s bottom line. In fact, a 2015 study found that four out of five employees prefer receiving benefits or perks over a pay increase.
Even if you’ve worked hard to create the perfect group benefits plan for your employees, proper implementation is key to its success. Once you set up your plan, you must ensure that all eligible staff members complete their registration before the enrollment period expires. As an employer, it’s your responsibility to ensure that your workers have a worthy benefits package available to them. Just as important is making sure that all of your staff members can enjoy the benefits of that plan.
The Risks of Missing Your Enrollment Window
If you don’t enroll your staff on time, there can be very real consequences. In some cases, staff who miss the enrollment period will not be eligible until the next open enrollment period comes up, which may not be for months. This leaves them without coverage despite being fully entitled to benefits.
Even more potentially damaging is the risk of something happening to affect your employees’ eligibility in the interim. For example, if one of your employees is injured or is diagnosed with a long-term health condition before they are able to enroll, the cost of getting them onto the plan can be much more expensive (or even impossible).
Planning and Enrollment Support
Whether you’re trying to choose the best plan for your company’s future or understand the best way to enroll your employees, group benefits can be complicated. Working with a group benefits expert not only helps you find the best possible plan for your needs but also prevents you from making potentially costly mistakes in your planning and implementation.
Staying aware of implementation issues like missing your enrollment window lets you offer the best coverage to your employees without breaking the bank. Working with a qualified expert group benefits provider ensures that you find the perfect plan for you and avoid expensive errors.
Create Sustainable Benefits with Zarmac
Zarmac Benefits has been providing benefit programs to both new and established businesses for over 20 years. We take the time to analyze what you need and customize a benefits package specifically for your business style, now and for the future.
Zarmac provides critical analysis specific to your business to deliver real choices, advise on trends, streamline renewals, and optimize your plan design. We make it easy for you and your team by supporting the management of your program. We also proactively educate and eliminate questions to ensure there are no surprises.
Ready to protect your business and your team? Find out more about the Zarmac difference!