While many employers continue to conduct annual open enrollment meeting the old fashioned way, others are finding success using online platforms to transform open enrollment. According to a September 6, 2018 article on SHRM.com titled 'Online Platforms Transform Open Enrollment'. Technology is continuing to transform the annual open-enrollment season, during which employees select workplace benefits for the coming year.
Consider this example: For the 2017 plan year, American Eagle Outfitters (AEO) increased the number of health plans offered at open enrollment. The company already offered two preferred provider organization (PPO) plans, which have low deductibles but high premiums, and a PPO-like, consumer-directed health plan (CDHP) with a health reimbursement arrangement (HRA). It added two low-premium, high-deductible health plans (HDHPs) with health savings accounts (HSAs).
If that overload of acronyms seems confusing, imagine how AEO's employees felt. READ MORE
GPI has partnered with a best-in-class onboarding company that offers not one, not two but several different onboarding platforms to meet each companies specific needs. If you are considering transitioning your open enrollment from paper to online give us a call or email us today.