Using Benchmarks to Guide Mid-Year Plan Adjustments

Mid-year reviews aren’t just for budgets. Smart consultants revisit benefit plans as needs evolve — and benchmarks provide the compass.

Why It Matters

Maybe the team grew faster than expected. Maybe claims are trending high. Or maybe there's been turnover in leadership. Whatever the reason, waiting until renewal season might mean missed opportunities or surprise costs.

Benchmarks Can:

• Show where coverage is above or below average
• Surface plan design tweaks worth considering
• Provide backup if cost-sharing needs to shift
• Spot gaps in voluntary offerings like life or disability

Consultant Perspective

Using benchmarks mid-year shows you're not just reacting — you're helping your clients lead.

It positions you as a proactive advisor who helps plan around trends instead of scrambling after them.

Benchmarking isn’t just for renewals. It’s a tool for agility, decision-making, and client trust all year long.