|“There is no such uncertainty as a sure thing.”- Robert Burns
As we settle into the norm of uncertainty and look to the rest of 2017, BlueBack is continuing to focus on the areas that make up the core of our advisory services:
COMPLIANCE IS STILL KEY
For now, the ACA and its components remain in place and ERISA and HIPAA compliance continue to be a top priority for our clients. DOL audits are happening with increased frequency so it’s critical for employers to have access to comprehensive compliance technology and support. In the meantime, we are keeping a close watch on proposed regulations that could significantly impact our clients, such as the Form 5500 filing changes that would require plans with fewer than 100 participants to file starting in the 2019 plan year.
SIMPLIFY AND CUSTOMIZE COMMUNICATIONS
With increasing complexity in benefit options, employees need simplified communications. Employees react to communication pieces and tools that are visually appealing, have concise messaging and are relevant to their individual needs and interests. From custom benefit enrollment guides and websites to wellness program portals and communications simple, relevant messaging is key.
BROADEN WELLNESS INITIATIVES
Gone are the days of “Know Your Numbers” and an occasional walking challenge. We are helping employers identify measurable goals for employee wellness initiatives, and are using employee data and feedback to drive programming and messaging. Through our wellness program, BlueChip, employers can provide employees with a robust, personalized wellness platform. We are seeing increased emphasis on mental/emotional and financial wellness initiatives as these areas continue to contribute to stress that impacts productivity.
True to our tagline, “Know the Way”, we are committed to helping employers be best positioned for both current conditions and potential changes ahead. We wish you a successful and healthy month ahead!
Vice President, BlueBack