Plan Renewal

Read the lastest blogs on how to get a fair health plan renewal rate.

If the marketing messages surrounding health insurance captive trusts sound too good to be true, you’re right to be skeptical.  I understand why the over-simplified messaging resonates. Insurance underwriting is dry stuff. Health plan mechanics are excruciatingly complex. So there&...
Jul 30, 2019
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Twenty percent of employers, of all sizes, increased their health-related benefits over the last 12 months according to the SHRM 2019 Employee Benefits Survey.And, no surprise here: healthcare benefits and their rising costs remain top of mind. But, while SHRM talks about more and more employers shi...
Jul 11, 2019
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Monday. You just realized you’ve scheduled yourself three interviews in the morning, you have a quarterly team meeting in the afternoon, and sales needs you to onboard the new SDR. You sigh at the triple-digit number of emails staring back at you just as Cliff from engineering walks in asking,...
May 15, 2019
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The Bad Renewal Trap

Most fully-insured employers are flying blind into their annual health plan renewals. Without claims data, finance and HR professionals have no way of knowing what to expect. So, if you’ve ever gotten a steep renewal rate, or you’re facing one now, r...

Sep 12, 2018
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The Game Theory Behind Health Plan Renewals

For most U.S. employers, providing employee health care coverage is a cost of doing business, not your core business. And it's the second largest operational expense after wages. Yet HR and finance professionals have little—or no—visibility into this...

Sep 05, 2018
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AMA: Annual Health Plan Renewals

In this 30-minute “ask me anything” open forum, Tariq Hilaly, Lumity CEO, sheds light on a very opaque and frustrating process: the annual health plan renewal. If you feel like your company is flying blind, you’re not alone. During the forum, employ...

Aug 30, 2018
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How to Drive HSA Adoption: Mitigate Employee Risk with Plan Design

Where we last left off in this series, the key takeaway was “money talks”: finding your employer contribution sweet spot incentivizes further employee Health Savings Account (HSA) uptake. But after the right employer contribution is in pl...

May 09, 2018
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[On-Demand Webinar] Ending Renewal Roulette

With employer healthcare costs rising 2-3x faster than wages, blindly hoping for a good “trend” renewal isn’t sustainable. Join us for a 15-min 'skim'-inar to learn how your company can regain control and.

Apr 27, 2018
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Introducing Claims Performance Insights

Introducing claims performance insights, a whole new ballgame for managing a data-driven benefits program.What is it?Claims analytics provides an on-demand dashboard for benefits managers to see their claims performance in a single, consolidated inte...

Jun 01, 2017
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Greenhouse's Better Employee Benefit Experience

Greenhouse Software, the leading designer of recruiting and onboarding software, set a quarterly objective to strengthen internal culture and prepare for future growth. As a small people team, they needed comprehensive employee engagem...

Oct 11, 2016
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How Wealthfront Earned Six-Figure Health Plan Savings

When Wealthfront grew to more than 100 employees, they wanted to explore options to move from their professional employer organization as it became cost prohibitive. With a lean culture, it was critical that new benefits didn’t i...

Sep 21, 2016
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How ThousandEyes Gained a 15% Health Plan Savings

ThousandEyes was experiencing double-digit employee growth and facing a 20% renewal on their small group health plans for the upcoming year. Their current contribution incentives favored an HMO, and the company was looking to re-design...

Sep 21, 2016
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How ThousandEyes Gained a 15% Health Plan Savings

ThousandEyes was experiencing double-digit employee growth and facing a 20% renewal on their small group health plans for the upcoming year. Their current contribution incentives favored an HMO, and the company was looking to re-design...

Sep 21, 2016
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SquareTrade’s $700k Health Plan Savings

SquareTrade had been growing at a healthy rate, reaching more than 400-employees in California and Florida. With annual “trend” renewals on their health plans on the order of 8-10%, the company had assumed their health insu...

Sep 21, 2016
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The Linux Foundation's Data-Driven PEO Migration

The Linux Foundation was spending more than $1.2M a year on health plans and benefits for their 80-person group. As the headcount approached 100 for the next year, the company was looking for ways to improve risk management, optimize health plans, an...

Sep 21, 2016
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The Linux Foundation's Data-Driven PEO Migration

The Linux Foundation was spending more than $1.2M a year on health plans and benefits for their 80-person group. As the headcount approached 100 for the next year, the company was looking for ways to improve risk management, optimize health plans, an...

Sep 21, 2016
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How Greenhouse Software Drove Six-Figure Savings

Greenhouse Software, the leading designer of recruiting and onboarding software, set a quarterly objective to strengthen internal culture and prepare for future growth. They needed to explore best-in-class benefits solutions to replace their current...

Sep 21, 2016
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How CareCloud Fought a 25% Health Plan Renewal

CareCloud, a leading cloud-based Healthcare IT company, faced a significant renewal on their health plan rates for the upcoming year for their employee group of 250 people.SOLUTION Lumity’s benefits consultants analyzed CareCloud&rsqu...

Sep 21, 2016
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Benefits Modeling: How to Speed-Date Plan Design

Providing a quality benefits plan is of critical for attracting and retaining talent. If you've begin thinking that your current plan isn't isn’t quite all you need it to be and you’re looking for a change, it's important to know that plan desig...

May 16, 2016
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