Send Enrollment Statements After Rates Are Set
A statement built on this year’s costs and sent during next year’s enrollment shows the wrong numbers. Final rates are the starting point.
How it works in practice
A statement built on this year’s costs and sent during next year’s enrollment shows the wrong numbers. Final rates are the starting point.
We schedule statement production after contributions are approved. That is why a late renewal moves the whole timeline: the statement cannot be right until the rates are.
Plan the calendar backward from the day the enrollment window opens. Renewal, contribution decisions, statement production and enrollment materials each have to land in that order.
If the renewal runs late, the statement slips with it. It is better to send a correct statement slightly later than a wrong one on time.
Three places to go next
Open enrollment integration
Statements delivered alongside open enrollment.
Send us your renewal
Start the renewal early enough for the calendar.
Open enrollment deductions
Getting the right amount into the first paycheck.
Questions employers ask.
Why wait for final rates?
Statements use this year’s costs unless they are rebuilt on the new rates. A statement with the wrong numbers does more harm than none.
What happens if the renewal runs late?
The statement timeline moves with it, because production follows approved contributions.
Who approves the contributions?
The employer. We build the statement once those decisions are made.
Where this comes from.
This page describes how CFH builds and times total compensation statements and related materials for employer clients. It uses no outside statistics. The related guides below cover the wider process.
Send us your renewal.
We’ll tell you whether it looks competitive, where we see opportunity, and the five questions we’d put to your carrier. No cost, and no obligation to move anything.
The renewal letter
Your current plan summary
Contribution split by tier
Enrolled counts by tier
Four documents — two more if your group is 50 or more. Nothing else; every extra one is a reason to postpone.
An independent employee benefits consulting firm. We look at the entire benefits program: cost, plan performance, risk and administration.
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