As an employer and employee you know how difficult understanding your benefits can be. Especially when the insurance renewal comes up yearly and changes are made to the company plan. I saw this article several weeks ago from a vendor blog. I think it really puts all of this in perspective quite well. Check it out!
A lot has been written about the need to provide employees with benefits information so they can make educated benefits decisions. That’s a given. But as you prepare for your next open enrollment, remember that knowing the details isn’t the same as understanding them. Helping employees interpret the information should be part of your communication plan.
The biggest challenge comes with the complexity and ongoing change found in health care plans. Your employees may stick with an old plan because it’s familiar, when a newer offering might be a better choice for them. Or they might avoid the high deductible plan because the number looks so large, never realizing that it may actually save them money in the longer run.
But it’s not just health care plans. Flexible spending accounts, for example, are one of the most underused benefits, typically because employees aren’t sure if or when they need them and are afraid they’ll lose their money.
Employees wonder, “How does this affect me?” And what they need are “rules of thumb” and tools to help translate benefits offerings into what’s best for them and their families.
Want to read more… Check this out @ http://blog.hopehealth.com/?p=752