Health Plan Renewal Strategy and Benefits Optimization
What to expect each renewal cycle
Carriers update rates and benefits yearly. About 60 days before your anniversary date, you receive renewal terms. Use this moment to evaluate costs, employee feedback and provider access in Charlotte and the Lake Norman area. Security Plus Inc. prepares side by side comparisons and a timeline so decisions are made without rushing.
Reviewing utilization and plan fit
If available, look at high level usage trends to understand whether deductibles, copays and networks match real needs. Low utilization might support a move to a leaner plan with HSA contributions. Higher usage may justify richer benefits or dual option designs that let employees choose what fits.
Comparing options to manage cost
We quote alternative plans with the current carrier and competitive carriers where appropriate. Design tools include adjusting deductibles, adding an HSA plan, using an HRA to offset key expenses or introducing two plan choices. For a refresher on your baseline, return to group health overview for plan structures and funding models that influence monthly costs.
Network checks and growth considerations
If your workforce expanded into new NC markets, confirm that key doctors and hospitals fall in network. Add dental and vision coverage if employees asked for it during the year. When changes affect timelines or notices, see onboarding and compliance for the steps HR will need to complete.