Surviving Open Enrollment: Coverage Considerations


This blog post is a companion to our webinar tomorrow called Surviving Open Enrollment. You can register for our webinar by clicking here.

If you are the decision maker in your organization for health insurance there are a few things you should consider as we go into the open enrollment season: First, if you are on a grandmothered plan you can still keep your plan for this year. A grandmothered plan is generally the plan a group had following the passing of the Affordable Care Act when President Obama said, “you can keep your plan.” Your AUI agent can help you determine if your plan is in fact grandmothered. In addition, if your plan renews on 12/1/2015 there is a high probability that your plan is in fact gradmothered.

Second, if you have more than ten employees you may want to consider self-funding. AUI has some options for smaller groups who are considering self-funding as a way to lower their overall insurance costs and provide stronger benefits to their employees. There are some risks and additional reporting that go along with self-funding so you may want to take the time to talk to your AUI expert. Self-funded groups must also go through health underwriting and will be required to provide medical information.

Third, if the cost of providing benefits has become to great for your organizaiton you may want to consider moving your employees to the exchange. AUI can help with the conversion process of helping an employer disband their benefit plan and assist their employees with finding the right plan for their family and budget. This option can result in a fine depending on the size of the employer so make sure you talk to your AUI agent before making this decision. Open enrollment can be a complicated time for an employer. AUI has the right team and tools to help you make the right decisions for your organization. For more information, please contact us.

We do more than cover small businesses and individuals with the right insurance policies and benefit plans – what motivates our team is helping you save more so you can invest more in your team, family, and goals.

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