Annual benefits enrollment can be a challenging time for companies of any size, let alone those that manage a large number of employees, eligibility groups or health plans. Our experienced consultants have helped clients large and small prepare for annual open enrollment of their health & welfare and voluntary benefits.
We work closely with both the plan sponsor and the benefit vendors to develop comprehensive specifications, manage the vendor throughout modification of necessary systems and then develop strong test plans and execute those plans to ensure a flawless open enrollment.
In many cases SBA also works with plan sponsors and vendors to perform a thorough review and cleanup of eligibility data before enrollment begins. We can also perform a meticulous review of the clients’ plan documents to ensure ACA compliance and validate key aspects of plan design, including out-of-pocket maximums, preventive care benefits, Health FSA contributions, HDHP and HSA limits and grandfathered plan status.
Following open enrollment, SBA validates the eligibility vendor’s payroll and carrier files to ensure absolute accuracy.
This service is available for the following benefit plan types: