Voluntary Benefits for the Multi-generational Workforce

T H E M U L T I - G E N E R A T I O N A L WO R K F O R C E

S O C I E T A L T R E N D S & V O L U N T A R Y B E N E F I T S

H OW T O L A U N C H A V O L U N T A R Y B E N E F I T S P R O G R A M

T H E R O L E O F T H E V O L U N T A R Y B E N E F I T S C O N S U L T A N T

8 steps to a successful voluntary benefits program 4. Pre-rollout planning is essential. Planning sets the stage for a successful Voluntary Benefits program roll-out. This process includes: QQ Choosing the right carrier partners QQ Designing a multi-year plan of Voluntary Benefits with a maximum of two or three products offered in any single year QQ Deciding when to offer benefits during the year, either at your regular open enrollment or off-cycle Once decisions are made, develop a formal implementation plan that identifies the parties involved in the rollout (the benefits broker/consultant, carriers, an enrollment company, third party administrator, etc.). The plan should include dates for each step in the rollout and assign responsibility. Conduct a pre-rollout logistics meeting or conference call with all parties involved. Pre-planning will help you deal with challenges, such as employees who require benefits information in a language other than English during educational or enrollment meetings. Be sure to develop a timeline. Set expectations for each party and have everyone agree to your implementation plan.

8 STEPS TO A SUCCESSFUL VOLUNTARY BENEFITS PROGRAM

STEP 01 Survey your employees to identify insurance preferences.

STEP 03 Define goals and objectives; secure management’s buy-in.

STEP 02 Conduct a gap analysis to on current benefit offerings vs. competitors.

STEP 08 Complete your post-enrollment follow-up.

STEP 04 Choose carriers; set the strategy and calendarize every step.

STEP 06 Offer channel-of-choice enrollment options.

83% of employers have changed their benefits strategy within the last 3 years.

STEP 05 Conduct group and individual educational meetings.

STEP 07 Simplify your messaging and repeat it often.

- Empyrean Benefit Trends Report

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