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Approach benefits choices with confidence. Strategies enclosed.

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trinet.com

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teamtrinet@comms.trinet.com

Sent On

Mon, Sep 23, 2024 09:00 AM

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Time to think about benefit options. Get information and help with making decisions.  ͏

Time to think about benefit options. Get information and help with making decisions.  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ you are having trouble reading this email, [read the online version](. [TriNet]( [Weekly Roundup] Strategic ways to approach benefits. It’s the time when many employers are starting to think about the year’s end, and with it, renegotiating health insurance plans. Employees too, will start deciding whether to re-enroll or change their benefits choices. So we’ve put together some resources that can help with these tasks and everything that goes with them, from the smartest ways to convey benefit value to employees to a strategic new approach to choosing the right benefits. Find it all below. [September 26 is Human Resource Professional Day!] LISTEN: SMB Matters by TriNet ‌ Benefits 101: Considerations for Choosing the Right Plan Wendy Hoskinson, Director of Benefits Communications for TriNet discusses why smart consumerism of healthcare from A to Z can lead to healthier, more engaged workforce. [Listen on Apple Podcasts]( [Listen on Spotify]( "Smart healthcare consumerism, such as preventive screenings, medication adherence and taking advantage of medical carrier provided resources may help prevent and manage diseases and chronic conditions potentially resulting in lower costs for employers and employees." Wendy Hoskinson Director of Benefits Communications TriNet [85%] of job seekers say medical insurance is extremely important to them when considering a new position. [Download State of the Workplace 2024 →]( Taking the Homebuyer Approach to Electing Medical Benefits The median mortgage payment in the U.S. is about $2,200 per month.1  The average cost of health insurance for a family of four in the U.S. is about $1,997.2  Despite the similar financial commitment involved, the decision-making process for selecting a house and electing medical benefits could not be more different. The average homebuyer spends weeks, if not months, selecting the perfect house. In stark contrast, electing their medical benefits during an annual open enrollment takes them less than an hour on average.3 Why is the process of electing benefits so different from buying a house? 1. Lack of information: Many employees do not fully understand their benefits and need help understanding the offered benefits, according to research.4,5,6 2. Insufficient support: Homebuyers have realtors to guide them through the process, offering expert advice and personalized options. 3. Lack of prioritization: Many people view their benefits decision as a mundane administrative task whereas buying a house is viewed as a significant decision. Find out how to support and help educate employees so they can elect the optimal medical benefits based on their needs. Just as they would expect guidance when understanding factors like interest rates, neighborhood quality, and long-term investment when buying a house, they also need clear information to elect their benefits. [Read the Article →]( [Ebri.org]( Employee Benefits Communication: Best Practices for Small Businesses Although creating a strong benefits package is important, employees who don't understand the value of their benefits may not use them to their full extent. In fact, nearly half of employees today don’t understand their benefits. This can increase workplace stress and cause strain on productivity, which is why communication is key. To help ensure your company's benefits are well understood, here's what you need to know about building an employee benefits communication strategy. [Read the Article →]( The Many Advantages of PEO Insurance Services Small to medium-sized businesses often struggle to provide the insurance coverage, better known as benefit options, they need for themselves and their hard-working employees. It's a complicated process — not just finding premium insurance coverages, but also managing open enrollment periods, payments, and more. Managing insurance coverage through benefits enrollment requires specialized knowledge. It's expensive. It's time-consuming. It's heavily regulated; in fact, your company may be required by law to offer certain insurance coverages. And in today's competitive labor market, it's very important to employees. [Read the Article →]( Explore Events With TriNet [Modernizing Your HR Strategy: Preparing for 2025] Modernizing Your HR Strategy: Preparing for 2025 Oct 1-2 Join us for a free, transformative two-day virtual event exclusively for SMB leaders and HR professionals who are ready to modernize their HR strategies and get ahead of the trends that will be shaping 2025. [Register Now →]( 1 Mortgage Application Payments Decreased 1.6 Percent to $2,219 in May | MBA (mba.org) 2 What’s the Average Cost of Family Health Insurance? | eHealth (ehealthinsurance.com) 3 Too Much Choice? Workers Not Spending Much Time on Health Plan Decisions | Benefits Pro (benefitspro.com) 4 Employees Want Voluntary Benefits but Don't Always Understand Them | SHRM (shrm.org) 5 Number of The Day: Benefits Knowledge | Human Resource Executive (hrexecutive.com) 6 Employees Want Help Understanding Benefits Offered by Employers | Ameritas (ameritas.com) [TriNet]( Follow Us... [TriNet LinkedIn]( [TriNet Instagram]( [TriNet YouTube]( [TriNet Facebook]( [Our HR Services]( | [HR Trends & Insights]( | [Pricing]( | [Let's Connect]( © 2024 TriNet Group, Inc. All rights reserved. This communication is for informational purposes only, is not legal, tax or accounting advice, and is not an offer to sell, buy or procure insurance. TriNet is the single-employer sponsor of all its benefit plans, which does not include voluntary benefits that are not ERISA-covered group health insurance plans and enrollment is voluntary. Official plan documents always control and TriNet reserves the right to amend the benefit plans or change the offerings and deadlines. To [unsubscribe](2FiuQM9Xk83f58n0gNQuHY%3D?&elqTrackId=3e0dc843ec7e4e719d85e1afa26cc301&elq=705051207da74fb48a0556e9cd97e9b9&elqaid=8745&elqat=1&elqCampaignId=2849&elqcst=272&elqcsid=47&elqak=8AF5F46676BDDF77387668B638A70FC171E4F9070F57E1250891C595549DB083DFD7) or update the types of communications you receive from TriNet, including opting out of all non-operational email communications, [click here](2FiuQM9Xk83f58n0gNQuHY%3D?&elqTrackId=3e0dc843ec7e4e719d85e1afa26cc301&elq=705051207da74fb48a0556e9cd97e9b9&elqaid=8745&elqat=1&elqCampaignId=2849&elqcst=272&elqcsid=47&elqak=8AF5F46676BDDF77387668B638A70FC171E4F9070F57E1250891C595549DB083DFD7) to visit the TriNet Communication Preference Center. Or you can mail your unsubscribe request to: TriNet, One Park Place, Suite 600 Dublin, CA 94568.

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