Why is Benefit Insurance Backed Up this Year?

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Why is Benefit Insurance Backed Up this Year?

Why is Benefit Insurance Backed Up this Year?

Posted by on Dec 22, 2015 in Blog News

The final months of the year have always been busy for employee benefits insurance servicing entities, brokers and carriers.  However, the grandfathering, grandmothering, early renewal options, as well as last-minute carrier plan and legislative changes resulting from the ACA, have heavily increased the workload. More employers than ever before are renewing their employee benefits insurance in the same couple months of the year making for a historical 2015.  Employers should be prepared that ID cards and other servicing may be delayed.  Benefit servicing entities, brokerages and carriers have extended working hours, are working on weekends and have hired additional staff to accommodate this workload. It should be anticipated that service needs will be processed by all entities in order of urgency.