There’s an old saying, “if it ain’t broke, don’t fix it.” But what if you don’t know it’s broken? Most companies are fairly happy with their employee benefits plan and choose to renew each year at the recommendation of their broker (it is a lot less work for them if you renew!). If you haven’t had a thorough review and plan marketing in the past couple years, now’s the time!

A thorough check-up of your plan will accomplish the following:
1. Identify inefficiencies in your current plan design and implement cost containment measures
2. Compare your current plan design versus 10-15 other benefit providers in order to test the competitiveness of your rates, target loss ratios and renewal strategies
3. Keep your company up-to-date on new solutions and plans that have been introduced to the marketplace since your last renewal
4. Search for the plan that best meets the needs of your ever-changing workforce

The key role a benefits consultant or broker plays when managing your benefits plan is simple. VALUE. Their job is to ensure your company is always receiving optimum value for the dollars you invest in your benefits plan. Value is ongoing. So book your regular check-up with BBG today.