Every month you pay your bill you are renewing your plan. Annual
renewal dates are just there for the insurance companies to
know when to increase your rates.
This is the perfect time to test your new rates
in the marketplace. It is quick and painless. Would you not want
to see how competitive they are?
My renewal has just past, am I locked in?
No, you are not locked in. Annual renewal dates
are points in time where insurance companies adjust their future
premium requirements to fund projected claims and expenses. With
few exceptions, employee benefit programs can be cancelled with
31 days advance written notice.
When is the best time to review my benefit plan?
Anytime. At anytime during the contract you can
cancel your program by giving 31 days written notice.
How often should I review my pension plan?
Every 2 years at a minimum.
We have had a pension plan for years. What should I do to review
my program?
You should review investment performance, investment
rates of return, administrative fees and services as well as overall
plan design.
What about employee meetings?
You should be hosting regular & continuous
information sessions for your employees for both their benefits
and pension programs.
What are the costs for your services?
There is no direct cost to you. Our compensation
is 100% paid by the benefit or pension provider.
Can I get rate guarantees?
Yes, PACE Consulting has managed to secure more
than the standard 12-month rate guarantee depending on your specific
situation.
What options do I have other than traditional insurance employee
benefit programs?
There are multiple coverage levels as well as
different plan vehicles. PACE Consulting offers a variety of plan
design options outside the traditional approach based on creative
thinking. For more information, please contact us.
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