Open Enrollment is Quickly Approaching. Here's How Wise Can Help.
Open enrollment is a crucial time for your employees to make necessary updates to their insurance and benefit plans. The open enrollment period only lasts a few weeks out of the year, so it is time to get a head start on the process and stay prepared with the help of a Wise team member. Our consultants can work with you to execute and audit open enrollment and ongoing life events benefit changes.
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Discover why Wise is your go-to partner for Open Enrollment and Year End solutions & support
Trusted Open Enrollment and Year End Support
The Sky is the Limit with the Guidance of a Wise Consultant During this Important Time of Year
Depend on Wise when making changes to your employees' benefit plans and optimizing your plan configuration to ensure streamlined enrollments.
Benefit Plan Review
Each current benefit plan (health & welfare, life, disability, 401(k), voluntary, etc.) is examined and matched against current configuration. New plans are added. Updates to rates or eligibility criteria are completed.
During new implementations or for carrier or plan changes, the Wise team can streamline the detailed process of moving employee and election data from your vendor solution to each appropriate carrier. Wise coordinates with benefit providers to obtain current specifications. If vendors have pre-defined carrier integrations, Wise coordinates with your vendor to make those available to you.
Initially working with you to identify key dates, the Wise benefits specialists configure your vendor solution for any plan updates and for appropriate open enrollment periods. The enrollment itself is configured to add the plans, eligibility rules and the plan year calendar. Training materials are prepared, if appropriate. Testing is completed. Support is provided during the critical open enrollment period.
Work-Event. Life-Event, New-Hire Event
Whether you need help during the initial implementation process or to adjust the configuration for process changes, the Wise consultants will work with you to identify which HR events are appropriate for you. Each associated ‘trigger’ is set up with the appropriate plans and, most importantly, the eligibility rules to ensure employees are able to handle these changes on their own.
Wise will provide guidance to allow you to make the most of your vendor solution to streamline your benefits administration processes. This includes carrier reconciliation, billing and enrollment accuracy.
The Wise team ensures you and your data are ready for accurate and timely ACA reporting. The Wise team guides you to examine your data via the ACA export. Tips for streamlining your audit and data updates are shared, allowing you to easily edit the reportable data to account for part-time nuances, unique scenarios, etc. After re-importing, your vendor is ready to handle your 1094 and 1095 processing.