Employee benefits are an important part of attracting and retaining employees, but it can be easy to fall into the routine of offering the same benefits year after year.

Whether your renewal is approaching or still months away, an employee benefits review can help you determine what’s working, where there may be gaps, and whether your benefits still meet your business’s and employees’ needs.

What Should You Review?

Your health plan and costs
Look at more than the premium. Consider deductibles, copays, out-of-pocket costs, provider networks, and how much your business and employees contribute toward coverage.

What your employees value
Employee needs can change over time. Understanding which benefits employees use and value can help you make more informed decisions about your overall package.

Your complete benefits package
Health insurance may be a major part of your benefits program, but it isn’t the only piece. Dental, vision, life and disability insurance can help create a more well-rounded package for employees.

Potential gaps in coverage
Are there benefits employees frequently ask about that you don’t currently offer? Are there voluntary options that could provide employees with additional choices without significantly increasing employer costs?

How well benefits are communicated
Even a strong benefits package has less value when employees don’t understand it. Clear communication can help employees better understand their options and make more informed decisions about their coverage.

You Don’t Have to Wait Until Renewal

Reviewing your employee benefits doesn’t have to happen only during renewal or open enrollment. Starting the conversation earlier gives you more time to ask questions, explore options and make thoughtful decisions for your business.

Let’s Take a Fresh Look at Your Benefits

Your employee benefits should continue to work for your business and your employees. Whether you’re approaching renewal, considering a change or simply wondering what other options may be available, our Benefits Team is here to help.

Let’s review your current benefits and explore what makes sense for your business. We can be reached at 800-637-4676, info@mypip.org, or fill out this form.