Boardroom
What you need to know
What does a CDHP implementation timeline look like?
2-10MONTHS
Management and Leadership “buy-in”
- Work with your Benefit Advisor to determine the best fit plan for your organization’s needs.
- Based on the plan you have selected, determine your organizations contribution strategy. Get assistance regarding decisions on the funding amounts and rules for implementing a health savings account
- Seek volunteers and set-up a CDHP Implementation Committee. Include all departments and levels.
- If you choose an HSA, select an Administrator. Seek consult from your Benefits Advisor!
2-5MONTHS
Prior to enrollment
- Start building an internal marketing campaign to your employees. Utilize payroll stuffers, letters, emails, and posters throughout your organizations site(s)
- Create a presentation to educate your employees on the benefits and reasons to move to a CDHP. Tap into your Benefits Advisor for assistance.
- Have various CDHP scenarios distributed illustrating the plan, cost-saving benefits, and what is involved in the process.
- Provide background information regarding HSA Administrator and what is involved in enrollment.!
1-3MONTHS
Enrollment
- Over communicate to your employees utilizing a variety of tools [emails, payroll stuffers, employee luncheons, etc.]
- Make sure you distribute all materials regarding the plan including SBC’s and Plan documents.
- Schedule your Benefits Advisor to be available for open enrollment.
- Invite your Benefits Advisor in for question & answer sessions with employees and their families.
- Once enrollment is completed, all paperwork or electronic submissions should be sent to your Benefits Advisor / Carrier at least one month BEFORE the effective date of coverage.
CONTINUEDon-going process
After enrollment
- Continual process of education and communication to employees on costs, spending, provider services, etc.
- Seek assistance from CDHPCoach and your Benefits Advisor.
- Always start planning next year’s renewal!
- Promote and encourage a culture of health and wellness.
Coaches' Takeaway
Ideally, implementing a CDHP is done over a 6–12 month time period. Please review the above-referenced timeline.
Tools & Resources
CDHPCoach’s Storage Facility, where the Coach has organized and compiled a vast amount of tools and resources for you to access.
Library
Housed here are key components and information within the book, Bend the Healthcare Trend which was the impetus behind the CDHPCoach.
Boardroom
What you need to know