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Change of Plans?

Then tell your employees about it.

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This story appears in the April 2003 issue of Entrepreneur. Subscribe »

You've shopped, you've compared, you've made your decision--now it's time to tell your employees that you're changing health insurance carriers. What's the best way to do it? Let the new carrier help you, advises Peter J. Marathas Jr., an attorney with Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC, a law firm in Boston that focuses on employee benefits.

"The insurance company will have an information packet for you to distribute to employees," he says. Include a memo explaining the reason for the change. Helping employees understand the logic behind a decision that greatly affects them is sound management.

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