covid19

2020 YTD Annual Renewal Changes at +1.2%

2020-06-29T15:57:20+00:00

Recently, we looked at our client renewals from 2019, to question cost escalations based on Insurer trend factor surveys. These surveys suggested that benefit cost increases for health/dental were 8%-10% per annum. This number was the sticker price/MSRP, not the real rate of change. In 2019, we showed a +0.8% annual increase across all benefit [...]

2020 YTD Annual Renewal Changes at +1.2%2020-06-29T15:57:20+00:00

Employee Benefit Plan Premium Relief – Coming as early as May

2020-04-18T11:12:44+00:00

Yesterday, Sun Life was the first Insurer to announce that because of plan members inability to access Dental claims given COVID-19 mandated shutdowns of dental practices (and a subsequent move to emergency only services) that they were refunding their (non-refund/non self-funded) dental plans with a 50% premium credit retroactive to April.  This billing premium credit [...]

Employee Benefit Plan Premium Relief – Coming as early as May2020-04-18T11:12:44+00:00