July 26, 2022

When it comes to employee health plan renewals, each year presents new challenges for employers – and those challenges often depend on what’s happening in our country and the world. This year is no exception.

In 2022, things like inflation and increased health care costs due to post-COVID delays in health care access are weighing heavy on all our minds. Insurance providers are particularly concerned about higher claims costs. Many providers are already saying renewals will take longer this year.

As an employer, you may find the thought of navigating a potential delay in renewals this year a bit daunting and disruptive.

Whether you’re already working with an employee benefits firm or seeking help from a new one, there are many opportunities to be proactive in identifying cost savings opportunities.

To ensure your broker can help you navigate this renewal season, here are four questions to consider:

  1. Do they have market analysts and underwriters on staff to negotiate the best, most affordable benefits programs?
  2. Do they have deep relationships and negotiating power with carriers so they can advocate for what’s in your best interest?
  3. Do they have a clinical and financial team that reviews medical and pharmacy claims monthly – and seek opportunities for you to save and reduce risk?
  4. Do you meet with your broker more than once or twice a year to create a long-term strategy and continually evaluate the plan?


If you answered “no” to any of the above questions, it may be time to consider a change.

While a delayed plan renewal might be looming in the distance, whatever you do, don’t set aside getting ahead of this year’s cycle. There are many ways for you and your team to start tackling the preparation now so you can ensure a painless renewal later in the year.

Not sure where your employee health care plan stands? Now is the best time for you to schedule a Peer Review – a no-obligation review of your organization’s medical and pharmacy costs.


Download “5 Questions to Answer for an Effective Renewal” and learn how a Peer Review can help your organization identify hidden savings and control costs at savings.apexbg.com.