As employers prepare for 2027 renewals, they face a familiar challenge with growing urgency: Healthcare costs continue to rise while employees remain increasingly sensitive to out-of-pocket expenses. Medical cost trends are expected to remain elevated, fueled by higher pharmacy spending, increased behavioral health utilization, provider reimbursement pressures, and demand for specialty medications.
For brokers, this environment presents an opportunity to move the conversation beyond annual rate increases and toward strategic plan design. The most effective renewal strategies will balance three priorities: affordability, employee protection, and compliance.
