Each month on Talking Benefits, I join Julie Stich, Kelli Kolsrud and Justin Held, International Foundation benefits nerdthusiasts, to discuss a trending employee benefits topic we think our listeners want to know more about (and if they didn’t think they wanted to know, they will now!). This month, the team chats about open enrollment.
We discuss what open enrollment is and why it’s important and provide recommendations for answering common questions from employees during this time of year, including:
- Why do you need my Social Security number?
- Why did my costs go up this year, and how can I better manage those costs?
- What’s the difference between an HSA and an FSA? (Bonus! See below for a cool Venn diagram if this discussion went over your head!)
- I forgot to turn in my enrollment form—Now what?
After covering commonly asked open enrollment questions, the team provides a few quick tips and helpful takeaways. (You’ll have to listen to find out what those are!)
As health plan sponsors finalize enrollment materials, prepare for the onslaught of questions and stock up on caffeine and [insert snack of choice—mine would be chocolate!] to handle the extra stress of open enrollment, we hope these tips and FAQs are helpful.
Bonus Venn Diagram: Keep up with the team as we discuss HSAs vs FSAs with this sketch from the podcast recording:
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Social Media and Communications Associate at the International Foundation