Health plan renewal season is upon us once again, and open enrollment will be here before we know it. Now is the time to begin preparing for this crucial process, and this guide is intended to help you do just that. Throughout this guide, we’ll walk you through each step of the ideal renewal preparation timeline, from broker evaluation to the onset of open enrollment.
When Should My Organization Start Preparing for Renewal?
While each organization’s renewal timeline will differ slightly depending on their unique needs and processes, we recommend that employers start prepping for renewal season around 180 to 120 days out from open enrollment.
Kicking off the process at least four months in advance will allow you ample time to evaluate your benefits broker, review your previous renewal and current carrier, analyze market and benchmarking data and create a concrete plan for how to proceed.
What If Our Organization Has Already Passed the 180-Day Prep Mark?
It’s never too late to implement our renewal preparation best practices, even if your organization is already in the middle of the renewal timeline. Ensure you’re on track for a successful benefits renewal by adding our guide to your resource toolkit at any point in the preparation process.
What’s Inside the Employee Benefits Renewal Guide?
Inside the Employee Benefits Renewal Guide, you’ll discover:
- The ideal timeline for effective health plan renewal preparation
- Downloadable resources corresponding to each stage of the timeline
- The optimal time to start preparing for open enrollment
- And more
Ready to set your organization up for a successful employee benefits renewal? Download your copy of the Employee Benefits Renewal Guide today.