A renewal read tells you more than a rate. A market test tells you the rest.
Reading your renewal against the 9.6% Michigan small-group average tells you if it looks high or low. Putting the plan in front of other carriers and funding options tells you if it is competitive.
That second step is where a second opinion earns its keep. Send us your renewal and we will give you a second opinion in writing.
Three things a market read should answer.
Is the increase driven by your claims or the market
A carrier’s explanation should separate your group’s experience from the general trend. Ask for the breakdown in writing.
What other carriers would do
Quotes from other carriers on the same census show whether the incumbent’s rate is competitive for your group, not for the average one.
What funding changes would cost
Level-funded and self-funded options behave differently from fully insured plans. See what level-funded coverage is before you compare.
Keep reading.
HealthCare.gov premiums rise again in 2027
What the 2027 marketplace increases mean for an employer plan. Back to the marketplace page.
Keep reading on 2027 marketplace premiums.
Where these figures and rules come from.
Figures and rules
Michigan 2027 small-group averages: DIFS approved-rates table. KFF and The Hill: KFF estimates about 13% for HealthCare.gov in 2027, as reported by The Hill on October 31, 2026; KFF’s review of insurer filings found a median proposed increase of 15% (KFF, How Much and Why ACA Marketplace Premiums Are Going Up in 2027). This page is general information, not legal or tax advice.
Send us your renewal.
Four documents — the renewal letter, the plan summary, the contribution split by tier and enrolled counts by tier. We’ll come back with a competitive read, where we see opportunity, and the five questions we’d put to your carrier.
An independent employee benefits consulting firm. We look at the entire benefits program — cost, plan performance, risk and administration.
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