How Do I..

How do I develop a competitive benefits program and control escalating health care costs?

The annual health plan renewal is one of the largest purchases an organization makes. As such, it requires an internal team and external expertise to set the organization’s health care goals and budget, evaluate the performance of the current plan, assess employee satisfaction with the current plan, identify renewal options, model the costs of the various options and negotiate the renewal.

Establishing a team representing Human Resources, Finance, Purchasing, Operations and brokers or benefits advisors that meet throughout the year is critical to managing an effective benefits program.

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