Report: Health Care Costs and Access Are Top Concerns for Americans A recent Gallup report…
We’re excited to announce that our 2025 Open Enrollment Checklist is now available for free download!
As we approach the next open enrollment season, it’s crucial for employers who sponsor group health plans to stay on top of key compliance updates. These changes affect the design and administration of health plans for the 2025 plan year, ensuring they meet the latest requirements.
What’s Inside the Checklist?
The 2025 Open Enrollment Checklist covers essential updates, including:
- Adjusted ACA affordability percentages
- New out-of-pocket maximum limits for HDHPs
- Preventive care updates for 2025
- Updated HSA and health FSA contribution limits
- Changes to HDHP coverage, including the expiration of COVID-19 treatment and telehealth benefits
- Required participant notices for open enrollment
By downloading the checklist, employers will get a clear understanding of the steps needed to ensure their health plans comply with the latest regulations. This guide also highlights crucial communication responsibilities like updating summary plan descriptions (SPDs) and summaries of material modifications (SMMs) to reflect any changes for 2025.
Why is This Important?
With frequent updates to health plan regulations, such as ACA affordability and cost-sharing limits, it’s essential to review and update health plans accordingly. Employers can avoid penalties, improve plan administration, and keep their employees informed by staying compliant. Including required notices and reviewing plan designs will streamline the process for both employers and employees during open enrollment.
