Analyze
We look at the renewal, the group’s claims and what is driving the increase before anyone reacts to the number. A renewal is a number with assumptions behind it.
We start with the facts.
A renewal is a number with assumptions behind it. We break it down: what the carrier assumed about trend and claims, how your group compares and where there is room to question it.
Only then do we decide whether to negotiate, market or restructure.
What a Renewal Analysis Covers.
A renewal is a number with assumptions behind it. Analysis asks what rate action the carrier used, how much comes from market trend and how much from your claims, how it compares with the market, and what could change it.
We look at the plan, the claims and the enrollment. We then compare the renewal with alternatives and see whether the carrier will explain or move.
The result is a short list of questions for the carrier and options for leadership.
A few more questions.
What do you need to analyze a renewal?
The renewal, the census, plan summaries and, where available, claims data.
How long does it take?
Usually days once we have the documents.
Can we analyze before the renewal arrives?
Yes. Preliminary information helps, and we can begin with prior renewals.
What do we get?
A written summary with findings and options.
What if the analysis finds nothing?
We say so. A fair renewal is a useful answer.
Related guides.
Health Insurance Broker for Mid-Size Michigan Employers
What growing Michigan employers should expect.
Market
We take the group to market. CFH quotes every carrier, subject to availability, which depends on group size, county, funding and timing.
Decide
We bring you a clear comparison with the trade-offs, and you decide with the facts in front of you.
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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