Employee Group Benefit Basics

What are employee group benefits? Between the years 1930 to 1950, in response to Labor Unions’ demands for better wages and working conditions, U.S. companies and the unions negotiated the employee benefits which are commonly found today in ‘both union and non-union companies.’ Much like today, employers used wages to compete for the best talent…

Open vs. Annual Enrollment

What is the difference between open enrollment and annual enrollment? Open enrollment is when Americans enroll or change freely their ‘health insurance plan or other benefit program’ (source) whereas annual enrollment is a time period “usually but not always occurring once per year, when employees of companies and organizations may make changes to their elected fringe…