For some small businesses, the annual open enrollment period is full of 
complexity, paperwork, overwork and fretting. There is another reason that many companies are in control - and responsibility -. Health insurance in the hands of their employees
Open registration - this year from November 1, 2015 to January 31, 2016 - is the time window during which individuals are able to access the health insurance market and select the cover. Those who miss the registration period can not buy a plane unless special circumstances, such as a change in marital status or loss of another health coverage.
For many small businesses and their employees, open enrollment is a time - and silver - saving experience because of defined contribution plans in the health. In the high stress tradition open enrollment season, a specific health plan contribution is a strategy that addresses all important, including the budget, efficiency and equity.
Budget
Among the factors of great value in health insurance plans for small businesses, the cost is a little obvious. Businesses need all the advantages they can get in the constant battle to stay lean and agile. At the same time, current and potential employees should consider the impact that the cost of medical and dental insurance will eye on their salary.
With Defined contribution health, employers save money by avoiding the escalation of group insurance plans costs; instead, individual team members choose a coverage on the exchange of private healthcare - during open enrollment - based on their specific needs
In this model, the financial benefits are twofold :.
- employees enjoy tax-free insurance reimbursements - at a fixed dollar amount - they choose how to spend
- These contributions are for the employer tax deductible ..
effectiveness
the use of a software platform defined contribution allows small business owners to easily manage benefits online - usually a much faster process than dealing with insurance salesmen large group disease.
an employee of a company that offers defined contribution plans for health enjoys the freedom of establishment of an insurance plan exactly how he or she wants, which takes a little search initially, but also reduces the amount of time spent wading through benefits manuals. In group insurance plans of companies, people are generally expected to navigate through huge packages that may or may not even apply to their unique needs.
Equity
Real-dollar contributions and personalization of health insurance are boons important to attract and retain talented staff members.
medical reimbursements duty is an innovative benefit for employees and their families. In addition, individual health insurance plans cost 20 to 60 percent less than comparable group health coverage. It's a win-win situation.
In addition to saving money, the contribution to health plans also provide the kind of personalized service that is so popular in modern culture. People want and deserve the right size of insurance that fits their situation, which is likely to change from year to year -. And their insurance coverage personally selected
Conclusion
With Defined contribution health, individuals and small businesses benefit from open enrollment rather than worrying that subject.
What questions do you have about open enrollment? Ask us a comment below.
0 Komentar