Preparing for a Mid-Year Group Health Insurance Review

Many employers wait until renewal season to review their benefits plan—but by then, options can be limited.

A mid-year benefits plan review is a proactive way to evaluate your offerings, address any issues, and make strategic adjustments before it’s too late.

Why a Mid-Year Review Matters

Identify Cost Trends Early.  Spot increases in claims or utilization before they impact your renewal rates.
Employee Feedback.  Use mid-year surveys or informal feedback to learn what’s working and what’s not.
Plan Adjustments.  Address network issues, coverage gaps, or administrative challenges now rather than during renewal crunch time.

Key Areas to Evaluate

Claims and utilization data.
Employee participation rates in different benefits.
Cost-sharing structure between employer and employees.
Plan performance compared to benchmarks.
Employee satisfaction and feedback.

How to Conduct a Mid-Year Review

Gather Data.  Pull claims reports, enrollment statistics, and cost analyses.
Engage Your Broker.  A benefits advisor can help interpret the data and recommend changes.
Meet with Leadership.  Share findings and decide on any plan adjustments.
Communicate Changes.  If adjustments are made, clearly explain them to employees.

A mid-year review is not about overhauling your plan—it’s about ensuring you’re on track to meet your goals, control costs, and keep employees satisfied with their benefits.

For more information, contact the Frost-Beck Insurance Agency.  Call us at 419-592-4476, send an email to frost@frostins.com, or click here to submit your request today!  Or, stop by and see us at one of our four convenient locations in Archbold, Napoleon, Holgate, or Whitehouse.

Coming Next Week:  We’ll discuss how wellness programs can improve employee health and lower costs.

Ross Durham is a licensed Group Health Insurance Advisor at Frost Insurance Agency.  Frost Insurance has four convenient locations in NW Ohio in Napoleon, Archbold, Whitehouse, and Holgate.  Contact Ross for your Group Health Insurance needs.