10/09/2026
Many group plans will be renewing over the next few months. The negotiating window is now.
A benefits renewal is one of the few insurance decisions where the evidence sits in your own plan: premiums paid, claims experience, loss ratios by line. Carriers read it carefully. Most employers never see it presented properly.
Before signing this year's renewal, three things worth doing:
→ Request your experience report and have someone independent read it. Loss ratios drive the renewal math — if yours are favourable, the proposed increase deserves a challenge.
→ Benchmark the plan design, not just the rate. Deductibles, paramedical maximums, and drug coverage drift out of line with the market over time, in both directions.
→ Ask what was marketed. If the plan hasn't been shopped in three or more years, the incumbent carrier is pricing without competitive pressure.
Summit's Employee Benefits division runs this analysis for mid-market employers — benchmarking, experience review, and renewal negotiation. Talk to a dedicated advisor today - link in comments 👇