For most employers, late summer and early fall mark the season for health insurance renewals. During this time, benefits administrators and those managing group employee benefits face the daunting task of informing their CEO that insurance rates are rising — yet again. It’s no wonder renewals can feel downright overwhelming.
But a renewal doesn’t have to be a surprise. In the age of big data, where vast amounts of benefits program information are available, your broker has the insights needed to project a new rate. It also helps to understand the key factors that will influence your renewal.
