For most U.S. employers, open enrollment for health insurance benefits came and went by Jan. 1. And if you’re like plenty of comp and benefits professionals, the experience left you exhausted and glad to be done with it.
Too bad. Now is the time to start planning for the next insurance renewal go-round. An early start will give you a fighting chance to keep costs under control in 2013.
Start by reviewing how your most recent renewal went.
No plan? Plan to fail
If you’re going to get creative about combating rising health insurance costs, you need a well-thought-out strategic plan.
It’s not enough to wait for the usual renewal offer from your carrier next fall—typically 60 days before your plan expires. Realistically, that gives you no time to explore alternatives, either from your existing plan or a competitor.
As you plan for next year, ask these questions:
• What problems did you have with last year’s renewal?
Make a li...(register to read more)