Benefits Premium Pain is the Symptom, Not the Disease

Each year at renewal, many companies are faced with high premium pain in their employee benefits plan. The apparent answer is, all too often, to broker their plan to another provider in the hopes of reducing the premium and finding relief from rising costs. Unfortunately the brokerage exercise alone is akin to taking your car to a mechanic only to have them reset the “check engine” light without looking under the hood. High premium pain is a symptom, not the disease and we should be looking under the hood to address the underlying conditions.