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Updated: How employers can prevent and prepare for coronavirus

We have updated the "Insurance and employee benefit considerations" section of this article, and we will continue to make updates as they become available. While the headlines about COVID-19 may be alarming, employers can be proactive by taking a calm and practical approach to mitigate and respond to the unique risks the pandemic continues to pose to their organizations. The Centers for Disease Control and Prevention (CDC) has issued interim guidance to help employers respond to COVID-19. Employers should be prepared to prevent infection from entering and spreading in their organizations as well as to answer employee questions about the organization’s readiness plan and how their health plan coverage and other employee benefits will address their needs during this pandemic.

What goes up must come down: Preparing for an economic downturn

How can employers prepare their benefits programs for an economic downturn? While the topic itself might be unpleasant, it’s necessary and not meant to be pessimistic at all. Rather, it’s a statistical fact that the economy has ups and downs, and preparing for the next recession is simply a smart and proactive activity. It’s called strategic planning, and all employers should do it in times of prosperity as well as hardship.

Searching for a benefits admin tech solution? Understand your needs and goals first

Managing multiple benefits offerings, complex enrollment processes, eligibility, and timely communications — all while ensuring compliance with various rules and regulations — is no small task for an HR or benefits administration department of any size. Given time and budget constraints, many public sector employers have been turning to benefits administration technology solutions to help simplify benefits enrollment and management, automate routine workflows, and ultimately save time and money.