At YPP, we have already received our Employee Benefit renewal rates for our January 1, 2012 Anthem insurance plans. Although anticipating at least 15% increases based on current trends, we are thrilled that our clients who offer our PPO and HSA plans will have only a 5.3% increase next year (we do not expect our new Kaiser rates until November).
Especially in the current economy, increasing health insurance costs are a huge worry for most small to mid-sized businesses, and they feel that they have no control over this annual “surprise”. And insurance, and all of the various options, is complicated, and they really don’t know who to trust. Fortunately for our PEO clients, YPP takes care of negotiating for health and workers’ compensation insurance so they don’t have to. While we don’t sell insurance, our experienced HR professionals not only sort out what’s best for each of our clients’ businesses, we also take a strategic, holistic look at all of the various factors that go into keeping costs down, while still maintaining our clients’ ability to attract and retain the best people.
If you are dissatisfied with your insurance renewals and simply don’t have the time or experience to stay on top of all of the complexities and changes throughout the year, pick up the phone and give us a call, and let’s talk about adding the HR Divas to your team.