Skip to main content
  • Solutions for Employers

    Enhance your benefits program with a custom strategy that not only engages your employees and helps retain your talent—but also lightens the load on HR.

    How We Help
    • Strategic Partner
    • Professional Enrollment
    • Benefits Education
    • Total Benefits Solution
    • Benefits and Services
    Who We Serve
    • Education
    • Public Sector
    • Automotive
    • Manufacturing
    • Healthcare
  • Resource Library

    Explore our catalog of blog articles, educational videos, customer stories, and more.

    View All Resources

    Resource Types
    • Blog Articles
    • Videos
    • Customer Stories
    • Tools
    • Help Center
    • All Resources

    An Employer's Guide to a Successful Enrollment

    Download the free how-to guide to get your enrollment strategy on the right path. 

    Download Now
  • Help Center
  • Login
  • Strategy
  • Reimbursement Accounts
  • Supplemental Benefits
  • Customer Stories
  • Compliance
American Fidelity Logo

7 Ways for Employers to Prepare for Health Insurance Open Enrollment

November 09, 2021

7 minute read

Category: Benefits Strategy

woman showing a form to another woman

For many, with fall comes health insurance open enrollment. Now that summer is well underway, it’s important to begin planning for enrollment, especially if your health insurance effective date is September 1 through January 1. We recently sat down with one of our Account Development Coordinators, Lisa Stevens, to discuss how you can prepare for open enrollment.

With more than 8 years’ experience, Lisa knows a thing or two about how to make enrollments as seamless as possible. Take a look at this checklist to help you start planning now:

1. Is your Section 125 Plan Document up-to-date? 

If your palms are already sweating because you’re not sure where your plan document is—or if one exists—now’s the time to get serious. If you’re audited, the auditor will want to see your Section 125 Plan document. Help protect yourself by learning what should be on your plan document and how you can ensure your Section 125 Plan is compliant.

2. Are you investing in employee benefits education?

If you have room to incorporate benefits education into your professional development days, the investment could pay dividends during enrollment. More importantly, if you’ve recently introduced a High Deductible Health Plan (HDHP), education is key to employee satisfaction and adoption.

Tips for Transitioning to a High Deductible Health Plan  

3. Is your enrollment method the best for your business and group size?

If you have 500 or more employees, you may want to consider an electronic enrollment platform to improve efficiencies. Due to the setup and maintenance of an online enrollment, a paper enrollment may be better for groups under 500 employees.

We recommend an affirmative enrollment, or an enrollment where all employees are required to turn something in, even if they don’t make any changes. An affirmative enrollment is recommended over a changes-only enrollment because changes-only enrollments don’t clean up ineligible dependents.

Whether you decide on electronic or paper enrollment, let us do the work for you. We provide the platform at no charge and offer full benefits with 500 or more employees. We can gather forms, alphabetize, and check them as we go—helping you improve the efficiency of the enrollment process.

4. Are unnecessary dependents costing you money?

As you’re thinking about enrollment, consider how long it has been since your organization verified dependents. A Dependent Verification Review (DVR), or “data cleanse,” may be vital so unnecessary dependents, like ex-spouses, are not on your plan—potentially costing you thousands of dollars.

Typically, DVRs find a child who is no longer in the house or a recently divorced employee who hasn’t adjusted their family coverage.

Benefits of a DVR  

5. Do you have a reimbursement account strategy?

If you’re like many employers, you’ve recently switched to an HDHP. As the cost of health insurance increases, your employees may not have money saved to pay for a large deductible. To assist, many employers have added Health Savings Accounts (HSAs) and Healthcare Flexible Spending Accounts (Healthcare FSAs) to help shoulder the increased deductibles. Some employers even contribute to their employees’ accounts to provide a break towards their deductible.

The Internal Revenue Code (IRC) requires the total Healthcare FSA election amount be available to the participant on the first day of the plan year. Because this may be difficult, we offer upfront funding. However, your organization could be at financial risk if employees leave before the plan year ends. To mitigate this risk, we offer optional insurance protection to cover the risk associated with required upfront reimbursement.

6. Do you have a plan for employees to update beneficiaries?

You probably offer group life insurance, or your employees may have an individual policy. Putting a plan in place to update beneficiaries, as well as educating your employees on the importance of staying up to date, will help prevent insurance proceeds from going to the wrong person.

One way we can help is by performing a DVR during your annual enrollment. While a DVR is primarily intended to ensure employers are not covering ineligible dependents, we also take this time to review beneficiaries on all policies, update personal information, and more.

7. Are you collecting the appropriate forms during open enrollment?

To ensure you don’t miss any important documentation during the enrollment process, make sure you collect the following forms from your employees:

  • 403b Plan “Universal Availability” form
  • Waiver form if waiving health insurance. This document proves the employee was offered health insurance—a requirement of the Patient Protection and Affordable Care Act.

Invest Time. Avoid Slipups.

If open enrollment goes poorly, it can cause a stressful year. By investing time earlier in your open enrollment planning, you can help prevent slipups before they occur. Considering the questions above can help you prepare for open enrollment season and lower the stress!

 

Lisa Stevens, Account Development Coordinator

Lisa Stevens serves as an Account Development Coordinator at American Fidelity. She has been with the company since 2010 and brings more than 8 years of experience serving the education community.

In her role, Lisa works closely with school districts in Ohio and Michigan to help develop employee benefit plans that meet their needs. She often speaks to associations, business managers, and superintendents on topics such as Section 125 Plans, Patient Protection and Affordable Care Act, High Deductible Plans, and HSAs.

Lisa is licensed in Life and Health and has her Series 6 and 63 licenses. She is known for her communication abilities and can simplify difficult topics and explain them in everyday language, making implementation and understanding compliance much easier. Lisa was recently named the Account Development Coordinator of the year for American Fidelity.

 

This blog is up to date as of July 2020 and has not been updated for changes in the law, administration or current events.

  • Tags:
  • Education
  • Enrollment

Share:

Related Education Articles

2025 Legal Shifts Brings Change for School District Employers

June 24, 2025

6 minute read

If you’re an employer still catching your breath from the whirlwind of labor law changes in 2024, buckle up, 2025 is in full swing. Let’s look at wha…

  • Tags:
  • Education
  • Compliance

Insurance Made Easy: 5 Key Activities for Financial Security

November 19, 2024

3 minute read

Did you know these five key insurance-related activities can help you establish and strengthen financial stability?

  • Tags:
  • Education
  • Enrollment
  • Claims

Navigating the Transition to Medicare

August 20, 2024

3 minute read

Making informed choices when transitioning to Medicare can significantly impact one's financial well-being and overall peace of mind.

  • Tags:
  • Retirement
  • Medical
  • Education

Our logo
  • Strategic Partner
  • For Education
  • For the Public Sector
  • For Automotive
  • For Manufacturing
  • For Healthcare
  • Professional Enrollment
  • AFenroll®
  • Benefits Education
  • Total Benefits Solution
  • Culture and Engagement
  • Benefits and Services
  • Resource Library
  • Blog
  • Customer Stories
  • Tools
  • Help Center
  • Forms
  • AFmobile® App

Contact Us

Careers

  • About Us
  • Annual Report
  • Community Giving
  • News Center
  • facebook
  • Youtube
  • linked-in

© 2025 American Fidelity Assurance Company

  • Privacy Notices |
  • Report Fraud |
  • Terms of Service |
  • Licensing |
  • Special Notices |
  • Accessibility |
  • Cameron Enterprises

1MRA: Benefits Enrollment Success Depends on Communication and Technology; October 26, 2016.

ESB-6917-0720