HRO Today December 2019 - 72
The Benefi ts Package
The average family incurs more than
$4,500 annually in out-of-pocket
medical costs.
Source: Milliman
benefi ts, employers should consider ways to share
information about offerings throughout the year.
Occasional messages that offer reminders to update
benefi ciaries, tips for how to submit a claim, and
resources to address questions can remind employees
of their benefi ts possibilities. Lunch-and-learn types
of events or benefi ts information sessions, whether
they are in-person, via webcast, or via emails that
direct readers to benefi ts sites, can also play a role in
employees' current and long-term fi nancial well-being.
Throughout the year, polling employees or holding
focus groups about benefi ts can help both employees
and employers alike. Such " off-cycle " communication
will not only refresh employees' knowledge about their
benefi ts and help them feel that their voices are heard,
[72]
HRO TODAY MAGAZINE
| DECEMBER 2019
but also increase participation during the next open
enrollment period while giving employers valuable
insight that can help shape the benefi ts budget and
offerings.
The key to a strong benefi ts program is recognizing the
various needs of the workforce and considering how
the options provided to employees can best work for
them. By taking the time to maximize the value for the
employer and the employee, workplace benefi ts can
continue to play a valuable role in addressing fi nancial
wellness needs as well as creating a more engaged and
productive workforce.
Rob Grubka is president of employee benefi ts for Voya.
HRO Today December 2019
Table of Contents for the Digital Edition of HRO Today December 2019
HRO Today December 2019 - 1
HRO Today December 2019 - 2
HRO Today December 2019 - 3
HRO Today December 2019 - 4
HRO Today December 2019 - 5
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