What does open enrollment mean

Your existing benefits will simply "rollover," and you'll only need to take action if you want to make changes. Log In. Welcome to the Benefits Knowledge Base. Voluntary Benefits. Customer Support. Health, vision, dental, life insurance How can HR professionals best communicate with employees about their choices, when many workers are unfamiliar with the language and concepts of benefits offerings?

What's the best way to help employees through open enrollment season? Take a look at our primer below for ways to start the conversation, and at our glossary of common and commonly misunderstood terms. Our news articles offer lots of tips on educating employees and helping them make great choices.

In the U. Some benefits are fully paid by the employer, some are employee-paid through salary deferral or a section cafeteria plan, and for some the cost is shared.

Most companies schedule open enrollment to end a few weeks before enrollment forms must be submitted to benefit providers. For calendar-year benefit plans starting Jan. Open enrollment is not required to be a certain length of time. Most employers have an open enrollment period of at least two to four weeks.

Preparing for This Year's Open Enrollment and Critical Benefits Communications Webcast live on July 21, now available on-demand Scott Van Horn from Tango Health explores the challenges employers are facing, best ways to engage your remote or flexible workers and strategies for embedding your competitive benefits into your employee recruiting and retention plans.

The Future of Open Enrollment Webcast live on July 22, now available on-demand Employee benefits and communication expert Candace Jodice, vice president of HR benefits at CVS Health now a Fortune 4 explains how she successfully adapted the company's strategy and toolset not only during the upcoming open enrollment period, but also year-round.

Open Enrollment Resources. But the late announcement left many employers reusing the cap. During open enrollment, highlight the contribution cap and encourage employees to consider a higher savings rate, retirement advisors recommend.

By the start of the new year, U. Soliciting Employee Feedback for Benefits Changes Surveying employees to understand the benefits they value—or would like to receive—can help HR reshape benefits packages to meet changing workforce needs. One company's experience shows how this can be done. Virtual Communications: Expert Tips for Open Enrollment During this year's open enrollment period for employee benefits, consider going with a multi-media approach that combines virtual tools and resources with traditional communications, benefits experts advise.

Managing Open Enrollment for a Hybrid Workforce Employers unable to bring their workers back onsite, or that have shifted permanently to a hybrid workforce, face another open enrollment season relying heavily on virtual tools and resources. Here are some ways to make the process more effective. Open Enrollment Planning Gets Under Way The benefits open enrollment period will present fresh demands as employers adjust to a mix of onsite and remote workers whose priorities may have changed during the pandemic.

It's also a chance to showcase the organization's values, and to help stem turnover rates. Inflation, Other Factors, Drive Up Health Care Costs Budgeting for employee health care poses particular challenges, given that the annual increase in health benefit costs routinely outpaces general inflation.

It helps to understand how medical services are subject to unique cost factors. The pandemic prompted a more rapid adoption of RPA tools. Build Empathy into Your Open Enrollment Season Effective communication has always been vital during open enrollment, but this year it's even more important, and so is expressing empathy. Employers should show that they understand the fears and anxieties their employees are feeling.

When is open enrollment for ACA plans? When is open enrollment if I get health insurance through my work? Learn about open enrollment for health insurance through work Read 3 tips for choosing a health insurance plan through work. When is Medicare enrollment? Learn how Medicare works Need help selecting a Medicare plan? Is there an open enrollment period for Medicaid? In all states, Medicaid provides health coverage to: Low-income families and children Pregnant women The elderly People with disabilities To apply, contact your state agency that manages the Medicaid program.

Learn how Medicaid works. Can I make changes outside of the open enrollment period? What is a qualifying life event? Learn more about qualifying life events.

What if I missed the deadline for open enrollment? Discover how to bridge the gap in health insurance coverage. Related content. How does health insurance work? The open enrollment period, also known as OEP, is the annual period of time when individuals can enroll in Qualified Health Plan either through the federal Marketplace or a private insurer like Priority Health.

How long is the open enrollment period? When does it start? For plans, the open enrollment period runs from Nov. How does the open enrollment period for health insurance work? You can purchase a plan from a trusted health insurance company or through the Marketplace.