Renewals are never easy and they have become more and more difficult, as companies are facing renewal rate increases of 60%, 70%, or more. When we first opened our doors and began to offer Foundation Health as a benefit to companies looking for creative benefits solutions, we had a hunch about what would happen: reduced renewal rates, improved employee satisfaction with benefits and an overall uptick in the health and wellbeing of our clients’ staff.
Almost three years later, we look to our previous ‘hunch’ as a prophesy. We have thirteen corporate clients at our Boulder location and each company has seen a drastic improvement in benefits savings. It is not unusual for our clients to see rate passes year-after year and savings (for small companies) in the tens of thousands of dollars.
We have one client who was facing a 60% renewal increase prior to enrolling in Foundation Health. For three years in a row, they have seen a rate pass. They’ve also seen decreases in turnover rates, and employees who are so engaged in their health, they are bringing group salads for lunch.
Not only is this type of health improvement