Group Benefits Renewal Strategy
Group Benefits Renewal Guide
What employers should review before approving a renewal increase.
Green Mountain Financial Services Inc.
Madhu Shukla, CFP®, EPC
Madhu Shukla, CFP®, EPC
What We’re Seeing
- Plans priced very competitively 1-2 years ago may now face upward renewal pressure.
- Health increases often fall in the 5%-12% range, depending on usage.
- Dental can face higher pressure when claims and utilization trend upward.
What Drives Your Renewal
- Claims vs. premium and loss ratio
- Year-over-year claims trend
- Employee demographics
- Prior pricing strategy
3 Renewal Scenarios
Stable RenewalMinimal increase. Usage is controlled.
Moderate AdjustmentOften 8%-15%. Requires negotiation review.
Correction Year15%+ increase. Market review may be warranted.
The CFO Question
Is the increase based on actual plan performance, or is it a correction from prior pricing?
Before You Renew
✓ Independent renewal review
✓ Benchmarking options
✓ Negotiation opportunities
✓ Plan design optimization
Not sure if your renewal is competitive?
Request a quick independent review.
Start Renewal Check → Takes 2 minutes • No obligation
Group Benefits Renewal Strategy
See if Your Renewal Increase Deserves a Second Look
Enter only what you know. This tool gives a preliminary signal - not a quote or final recommendation.
GROUP BENEFITS RENEWAL STRATEGY
Group Benefits Renewal Guide
What employers should review before approving a renewal increase.
Green Mountain Financial Services Inc.
Madhu Shukla, CFP®, EPC
Madhu Shukla, CFP®, EPC
📊 What We’re Seeing
- Plans priced competitively 1–2 years ago now face renewal pressure
- Health increases: 5%–12%
- Dental increases: 8%–15%
🔍 What Drives Your Renewal
- Claims vs premium (loss ratio)
- Year-over-year trend
- Employee demographics
- Prior pricing strategy
3 Renewal Scenarios
Stable Renewal
Minimal increase. Usage controlled.
Moderate Adjustment
8%–15%. Requires negotiation.
Correction Year
15%+ increase. Market review may be needed.
The CFO Question
Is the increase based on actual plan performance, or is it a correction from prior pricing?
Before You Renew
- ✔ Independent renewal review
- ✔ Benchmarking options
- ✔ Negotiation opportunities
- ✔ Plan design optimization
Not sure if your renewal is competitive?
Request a quick independent review.
Start Renewal Check → Takes 2 minutes • No obligation