Remember the Definition of Insanity?

Doing the same thing over and over again and expecting a different result.

Let's talk about how this will apply to your benefit/health insurance renewal. 

1. It is managed by a person who has NO financial interest in the cost to the company (it's not part of their P&L).

2. You will receive a rate increase, the person managing the renewal will miraculously get the renewal to be below "trend." 

3. Everyone is happy.

4. Company pays a lot more money.

How about a new definition of renewal.

1. You already know how much it will cost because you have been tracking costs for the whole year (predictable costs). As a matter of fact, your costs HAVE BEEN GOING DOWN which frees up cash flow and capital to reduce the employees costs and out of pocket expenses while at the same time giving your company more money to use in other areas.

2. Your discussion is purely about communication strategies and how to continue to engage the employees more with the benefits. 

3. HR is excited because the benefit plan offered is much better than competitors which allows them to recruit and retain better talent.

If you prefer the new definition, schedule a quick call with me at https://www.slaytonins.com/30-min 

Our Motto: Better Health Outcomes, Lower Costs through reducing the Severity and Frequency of Claims.

#healthinsurance #claims #pbm #aca #breakingtheteetertotter #nextgenleaders Remember