Rate Increases and Renewals: Strategic Planning for 2024 Benefits

Feb 12, 2024 · 16m 35s
Rate Increases and Renewals: Strategic Planning for 2024 Benefits
Description

In this episode of BenefitsTV The Podcast, co-hosts Andrew McNeil and Rosario Avila discuss the challenges experienced by organizations with open enrollment and benefits compliance at the tail end of...

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In this episode of BenefitsTV The Podcast, co-hosts Andrew McNeil and Rosario Avila discuss the challenges experienced by organizations with open enrollment and benefits compliance at the tail end of 2023 and the start of 2024. They highlight important factors like communication to employees, early strategic planning, and proper understanding of the range of options to handle issues like rate increases. They also dive into a commonly found issue where some employers often confuse certain documents or overlook certain procedures which could lead to potential compliance problems, affecting even smaller employers. The hosts encourage employers to ask more questions and start strategic conversations early with their brokers, and also offer their audience to reach out to them for free audits to ensure compliance. They stress the importance of staying updated on changing requirements due to changes in company size as well.

00:03 Introduction and Welcome
00:36 Discussing Open Enrollment Challenges
02:08 Exploring Employer Experiences
04:24 The Importance of Communication in Benefits
06:13 Exploring Different Benefits Options
09:38 The Importance of Benefits Compliance
15:26 Closing Remarks and Contact Information

Andrew McNeil - AndrewM@arrowbenefitsgroup.com
Rosario Avila - RosarioA@arrowbenefitsgroup.com
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Information
Author Lend An Ear Media, LLC
Organization Lend an Ear Media
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