Description

For most companies with 25 to 200 employees, health insurance is now a top three expense, and renewals keep arriving with high single digit or double digit increases and little explanation. It does not have to be that way. We surveyed 500+ leaders at small and midsize companies about what they actually paid per employee this year, how hard the increase hit, what it forced them to trade off, and who pushed back versus accepted the first number. This session presents the findings live and benchmarks the room against them in real time, so you will see exactly where your plan sits. You will leave with a practical pre-renewal framework: what data to request from your broker, when to start, which benchmarks matter at your company size, and what the companies that beat their increase did differently. Learning objectives: Benchmark your company's health insurance premium and most recent renewal increase against new survey data from 500+ peer companies Identify what is actually driving your renewal increase, including the workforce health and risk data carriers use to price your plan before you ever see a number Apply a 30-day pre-renewal checklist covering the data, breakdowns, and alternatives to request before your renewal packet arrives Interactive format: live polling throughout, with room results displayed against the national survey data in real time. Bring last year's renewal increase.

Key Takeaways / Outcomes

By the end of this session, participants will be able to:

• Benchmark your company's health insurance premium and most recent renewal increase against new survey data from 500+ peer companies 
• Identify what is actually driving your renewal increase, including the workforce health and risk data carriers use to price your plan before you ever see a number 
• Apply a 30-day pre-renewal checklist covering the data, breakdowns, and alternatives to request before your renewal packet arrives 
• Interactive format: live polling throughout, with room results displayed against the national survey data in real time. 
• Bring last year's renewal increase. 

HRCI CEU/SHRM PDC Offered

About the Facilitators

Nick Taranto 

Nick Taranto is Co-Founder and CEO of Ignition Benefits. He previously co-founded Plated ($300M exit to Albertsons, the largest in Shark Tank history) and HOP WTR (sold to Constellation Brands). A Marine Corps veteran, he now helps companies take control of their health insurance renewals. 

James Taylor

James Taylor is Chief Producer at Ignition Benefits, advising companies on health insurance renewals and plan strategy. With 26 years inside the carrier and broker world, he knows how renewals are priced before employers ever see them, and puts that knowledge to work on the employer's side.