Pre-Renewal Plan Review
The most important open enrollment decision happens before employees ever see their options, when you review your current plans, evaluate alternatives.
Pre-Renewal Plan Review
Decide what to offer for the coming year.
Pre-renewal review should happen in August or September, before the renewal deadline locks in rates and options.
What You Need to Know About Pre-Renewal Plan Review
Rate Analysis
Your current renewal increase is one data point, not a decision. Before accepting it or changing anything, it is worth knowing what drove it and what a different plan design would change. The analysis decides which is right.
Plan Design Review
Beyond rates, the annual review examines whether the current plan design still fits your workforce. Changes in employee demographics and utilization patterns may warrant adjusting deductibles, copays, or plan types.