Is your benefits plan ready for 2027?

Your 2027 Benefits Plan Starts Now

Are you making decisions based on last year's business?

As the year winds down, trades businesses are busy finishing projects, managing schedules, and planning for what's ahead. But there's one important item that deserves attention now: your employee benefits program.

With 2027 approaching, it's time to evaluate whether your current benefits still make sense for your business and your employees.

Rising healthcare costs continue to put pressure on budgets, and simply renewing the same plan year after year may not be the best approach.

Think about how your business has changed over the past 12 months.

Have you added employees? Expanded your services? Experienced turnover? Has your workforce changed in ways that affect what employees need or value?

These changes can influence everything from plan design and employer contributions to eligibility and enrollment.

Before making decisions for 2027, consider three important questions:

What are you spending? Look beyond premiums to understand your total benefits investment, including employer contributions and out-of-pocket costs for employees.

What are your employees getting? Evaluate whether your current coverage and plan options still meet the needs of your workforce.

What could work better? Explore opportunities to manage costs, improve plan options, or communicate the value of your benefits more effectively.

The goal isn't necessarily to spend more or cut benefits. It's to make informed decisions that support your employees and your bottom line.

Your business isn't standing still. Your benefits strategy shouldn't either.

QUICK CHECK

Take a minute and ask yourself:

Is your benefits program ready for 2027?

• Have you reviewed your upcoming renewal costs?

• Has your employee count or workforce changed?

• Are your employer contributions still sustainable?

• Do employees understand their benefits and what they cost?

• Have you explored alternative plan designs or funding options?

• Does your benefits program still support your hiring and retention goals?

REAL TALK

The easiest renewal isn't always the smartest renewal.

It's tempting to keep the same benefits plan, especially when you're busy running a business.

But costs change. Employees change. Your business changes.

Taking time to review your options now may help you avoid unnecessary expenses and make better decisions for the year ahead.

Before you renew, take a few minutes to evaluate your current benefits program.

Our simple checklist walks you through four important areas:

Reviewing your current costs
Evaluating your workforce
Exploring your options
Preparing for enrollment

Get a head start on 2027! Download our FREE Employee Benefits Planning Checklist and make smarter benefits decisions for the year ahead.

Benefits Planning Checklist

Are you reviewing your benefits before renewal or just reacting to numbers when they arrive?

A little preparation can make the process easier:

• Review your current costs. Understand what the company pays and what employees contribute.

• Look at your workforce. Consider changes in staffing, eligibility, and employee needs.

• Evaluate your options. Compare plan designs, contribution strategies, and available alternatives.

• Plan your communication. Make sure employees understand any changes before enrollment begins.

The earlier you start, the more time you have to make thoughtful decisions.

Take 15 minutes to review your current benefits program.

Pull out your latest renewal information or benefits summary.

Then ask:

• What has changed in our business since we selected this plan?

• Are we comfortable with what we're spending?

• Do our employees understand what we're providing?

• Have we explored other options recently?

You don't need to solve everything in 15 minutes.

You just need to identify what deserves a closer look before 2027.

At Acrisure we are driven by a passion for client service and powered by our ever-expanding network

of insurance and risk management professionals. We understand that our clients have needs beyond

any single product and bring in expertise from across the company to deliver an unmatched level of

service to build long-term relationships and the best possible client outcomes.

Every reasonable effort has been made to ensure the accuracy and validity of the information provided in this newsletter. This is not intended to be legal advice, please contact legal counsel for advice.

Serving all of New England with offices in CT, MA and VT

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