The annual renewal of your employee benefits plan is not a once-a-year task at CIBC—it is a year-round strategic process. We are accountable to you for reviewing plan performance, utilization trends and employee satisfaction throughout the year. This continuous monitoring of your plan is the key to developing the solutions that assure you a quality employee benefits plan at an affordable price.

ACCOUNTABLE RENEWAL STRATEGIES

• An established timeline for the renewal process
  
  
• Quarterly review of benefits plan performance and employee satisfaction
  
  
• Eighth-month pre-renewal meeting
  
  
• Update of all employee/employer benefits plan information
  
  
• Complete hospital and physician network evaluation, based on contracted discounts, access and employee satisfaction
  
  
• Diligent and aggressive discussions with your current carrier to assure lowest-priced renewal quote
  
  
• CIBC Market-Complete Analysis of all qualified insurers in the U.S. market to seek alternative renewal quotes
  
  
• Renewal recommendation based on comparative analysis
  
  
• Preparation of employee communications on proposed benefit plans changes
  
  
• Development of plan for employee orientation meetings and open enrollment period
  
  
• Establishment of timeline for the next year’s renewal process