BenefitsTV the Podcast
Andrew McNeil and Rosario Avila
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Rate Increases and Renewals: Strategic Planning for 2024 Benefits
In this episode of BenefitsTV The Podcast, co-hosts Andrew McNeil and Rosario Avila discuss the challenges experienced by organizations with open enrollment and benefits compliance at the tail end of 2023 and the start of 2024. They highlight important factors like communication to employees, early strategic planning, and proper understanding of the range of options to handle issues like rate increases. They also dive into a commonly found issue where some employers often confuse certain documents or overlook certain procedures which could lead to potential compliance problems, affecting even smaller employers. The hosts encourage employers to ask more questions and start strategic conversations early with their brokers, and also offer their audience to reach out to them for free audits to ensure compliance. They stress the importance of staying updated on changing requirements due to changes in company size as well. 00:03 Introduction and Welcome 00:36 Discussing Open Enrollment Challenges 02:08 Exploring Employer Experiences 04:24 The Importance of Communication in Benefits 06:13 Exploring Different Benefits Options 09:38 The Importance of Benefits Compliance 15:26 Closing Remarks and Contact Information Andrew McNeil - AndrewM@arrowbenefitsgroup.com Rosario Avila - RosarioA@arrowbenefitsgroup.com
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