As the benefits renewal period approaches, business owners and HR teams know the complexities that lie ahead – evaluating plans, negotiating rates, communicating changes, and more. This daunting annual process can quickly become overwhelming when juggled with other responsibilities.  

But tackling benefits renewal doesn’t have to be a headache. With some key strategies and the proper support, you can navigate this crucial task smoothly:  

 

  • Start early to allow ample time for assessing needs, reviewing options, and negotiating better rates.  
  • Survey employees to understand what benefits they value most to guide plan selection.  
  • Analyze current plan performance through claims data, utilization, and satisfaction levels.  
  • Communicate changes clearly and through multiple channels.  
  • Use technology like online enrollment and decision support tools.  
  • Explore alternative plan designs like self-funded options or leveraging expertise from benefits advisors.  
  • Consider outsourcing renewal to simplify administration. 

     

 

At AlphaStaff, we understand the complexities of benefits renewal. Our seasoned experts guide the nuances of insurance and compliance with eligibility tracking, monitoring, and reporting requirements like the Affordable Care Act (ACA). Our benefit advisory services assist with ACA compliance, including advising on required IRS reporting measures and issuing 1095C and 1094C forms. We’re here to support you every step of the way.  

 

Our comprehensive employee benefits services streamline implementation and administration. Our team designs, negotiates, and delivers customized plans from leading carriers. We also handle eligibility tracking, online/paper enrollments, premium remittance, 5500 preparation, and more.  

 

From medical, dental, and vision to life/disability, supplemental insurance, and tax-advantaged accounts, our flexible solutions allow you to tailor Fortune 500-style coverage. We can even administer your existing health plan.  

 

 Let AlphaStaff alleviate the burden with hassle-free benefits renewal, and administration focused on your unique organizational needs. Contact the AlphaStaff team today.