Back to all Protected IP
An annual process where renewal expectations are set by a client’s health benefits advisor (broker) who in turn negotiates with the health insurance carrier and obtains bids from the market in an effort to deliver the lowest rate in…
Sep 8, 2025, 2:25:51 AMThe Less Bad Renewal - an annual process where renewal expectations are set by a client’s health benefits advisor (broker) who in turn negotiates with the health insurance carrier and obtains bids from the market in an effort to deliver the lowest rate increase possible.On the surface, this sounds like what you would expect in a business transaction. The problem in health insurance lies in the lack of data from the carrier to substantiate the increase and settle on a reasonable price. The result is a less bad renewal.