Staying Up to Date on
Insurance Regulations
Read: 2 Minutes
Summary: Insurance regulations change frequently, so it's important to stay up to date. This can be done by subscribing to industry publications, following experts on social media, attending industry events, and working with an insurance broker.
Being a benefit manager is a challenging job. You're responsible for juggling multiple responsibilities, all while ensuring your organization's employees receive the best benefits possible. In a recent poll conducted among our readers, a staggering 41% of you identified staying on top of different regulations as your most significant challenge. With ever-evolving healthcare laws and regulations, it's no surprise that this task can feel tremendous.
Here are tips to help you feel less overwhelmed:
- Subscribe to industry publications and newsletters. There are a number of publications and newsletters that cover insurance regulations. Subscribing to these resources will help you stay informed of the latest changes. A great place to start is SHRM's HR Magazine.
- Follow industry experts on social media. Many insurance experts are active on social media. Following them can be a great way to get updates on regulatory changes and other important news. One of our favorite people to follow on LinkedIn is Johhny C. Taylor, Jr.
- Attend industry events and conferences. This is a great way to network with other HR professionals and learn about the latest trends and regulations. Check out all the events coming up through Benefits Pro.
- Work with an insurance broker. A good insurance broker can help you understand the latest regulations and make sure that your company is in compliance.
- Create a system for tracking and managing regulatory changes. Consider creating a spreadsheet or database to keep track of important deadlines and changes.
- Set aside time each week to review regulatory updates. Set aside a specific time each week on your calendar to review updates or make this part of your regular HR meeting.
- Develop a process for communicating regulatory changes to employees. You could send out email updates, hold training sessions, or post information on the company intranet.
By following these tips, you can overcome the challenges you face and provide your employees with the best possible benefits package.
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