Use your renewal review to look at both the numbers and the plan behind them.
1. Ask what is driving the change.
Higher usage, prescription costs, mental health and paramedical claims, large disability claims, and healthcare inflation can influence renewal. Ask which factors apply to your plan. [1]
How much of this increase reflects our own claims?
2. Understand what you’re paying for.
Compare premiums with claims, then ask about administration charges and optional-service fees. Include any Health Spending Account administration or disability management fees in the discussion. [1]
Can we see a clear breakdown of the costs?
3. Review what your team actually uses.
Look at frequently used and underused benefits. Consider whether your workforce or its priorities have changed before deciding which coverage to adjust. [1]
Which changes would meaningfully affect our employees?
4. Ask how the plan manages costs.
GroupHEALTH identifies prescriptions and disability services as areas for cost containment. Ask which plan features address these costs and how they work. A lower starting price alone does not explain the approach to future costs. [2]
What cost-containment features should we compare?
5. Consider whether the design still fits.
A business can change while its benefits plan stays the same. GroupHEALTH recommends reviewing affordability, compatibility, and flexibility at renewal. Explore design options that reflect where your business is now. [2]
What alternatives fit our current team and budget?
Get your employee benefit options.
Tell us a little about your business to receive information about benefits options for your team.