Just like football season, candy corn, pumpkin spice and the holidays, health insurance renewals come up around this time every year. And you could just renew, take the probable increase and be done with it. We know that more than 60 percent of California employers pay more than they should for their health insurance. (and many don’t even know it).
Renewal time is YOUR time to do better —to check out ALL of the options and make sure your company has the very BEST plans for the money. …To rule this game of increases, co-pays, changing plans and other gobbledygook. Luckily, you’ve got a friend in Moore Benefits with a team that specializes in helping California employers rule their renewals and all of their employee benefits issues.
Here are a few helpful tips when you’re facing down that renewal:
- Acceptance is one of the stages of grief, not what you must automatically do with your health renewal — Things change and they can be REALLY subtle. Always pay attention to not just the bottom line cost, but the actual health insurance benefit changes and compare everything to last year’s plan.
- If your company grew significantly in 2017, first of all, congrats, and now make sure you’re still in compliance re: number of employees and your health plan. It happens.
- Check on the health of your carrier in your market. For example, Anthem just announced it would be leaving the individual family plan market in 2018 but still offering employer plans. Aetna has also left the state exchange. So be sure to research a bit about your carrier and their intentions in the marketplace.
- Have we taken this thing digital yet? — Your employees are pretty used to doing everything on their smartphones and if you are still handling out paper cards and paper forms, this might be a good year to move into the 21st century. We can help with the latest tech tools to make everyone’s lives simpler.
At Moore Benefits, we check all of this stuff for our clients and a whole lot more. And we think that makes us a much more than a “broker.” We’re a trusted partner, an advocate and yes, even a friend in a sometimes very unfriendly world. If you’re just settling for any old “broker” for your employee benefits needs, isn’t it time YOU got the personal service, expertise and amazing help your company really deserves?
From Anthem to Aetna, major health insurers are leaving ObamaCare marketplace