To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2022. Employers should review their plan documents to confirm that they include these required changes.
In addition, any changes to a health plan’s benefits for the 2022 plan year should be communicated to plan participants through an updated summary plan description (SPD) or a summary of material modifications (SMM).
Health plan sponsors should also confirm that their open enrollment materials contain certain required participant notices, when applicable—for example, the summary of benefits and coverage (SBC). Some participant notices must also be provided annually or upon initial enrollment. To minimize costs and streamline administration, employers should consider including these notices in their open enrollment materials
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If you or your organization needs assistance administering your employee benefit program, need assistance with compliance or just want an honest evaluation, call Mike Alexander, Jr. at 800-362-2809, Ext 225. You can order a FREE COPY of Mike’s Book “Employee Benefit’s Blueprint, the Secrete Weapon to attract, retain and motivate the top talent in your industry”. CLICK HERE