Your benefits plan should be managed, not simply renewed.
Private Lane Advisory actively reviews, explains and manages employee benefits over time so business owners and administrators can make better-informed decisions about plan structure, renewal, employee support and relevant alternatives.
Request a Benefits Review
Year-round advice. Not once-a-year paperwork.
What active benefits management includes.
The work starts with the business and current plan, then moves into structure, explanation, relevant options and ongoing support.
Business + plan context
Start with the business, workforce, current plan, administration and objectives.
Structure + experience
Review plan structure and available experience where relevant, including employee classes and cost/coverage tradeoffs.
Options + explanation
Compare relevant alternatives where appropriate, explain implications, and coordinate implementation and communication.
Review the plan throughout the year.
Formal review points sit inside an ongoing advisory relationship.
Plan in place
Coordinate implementation and communication.
Mid-year
Review plan questions, employee or administration issues, and business changes.
Pre-renewal
Approximately two months before renewal, adjusted to group needs and size.
Renewal
Review renewal terms, relevant alternatives and next steps.
Between formal reviews, support can include employee questions, education, administration support and plan changes as needed, depending on the engagement.
Plan structure should reflect the business.
The right structure depends on the business, workforce and current plan. The review should make cost, coverage and plan-design tradeoffs easier to understand before changes are made.
Questions to review
Who needs what level of coverage?
Where do cost and coverage tradeoffs sit?
Do employee classes still reflect the business?
Where might HSA / Cost-Plus warrant discussion?
How PLA advises
Review current structure and business context
Explain tradeoffs and implications
Compare relevant alternatives where appropriate
Coordinate implementation and communication
Support continues after implementation.
PLA stays involved after implementation to help employees and administrators understand the plan and deal with questions as they come up.
Is your renewal approaching?
A useful renewal review looks at the plan, experience, structure, assumptions and relevant alternatives before a decision is made.
Review My RenewalCurrent renewal context
Plan experience and assumptions
Structure and relevant alternatives
What a review can and cannot guarantee
Dawn - HR, HR Consulting Firm, Calgary“PLAreviewedourplanthatwehavehadwithanotherBrokerforthepast6years.Wewereshoppingforanewplanbecauseourrenewalrateswentupthepast3years.WespoketoafewotherBrokercompaniesandtheyallsaidweshouldapplywithanewinsurancecompany.PLAdidn’tsayweneededanewinsurancecompany.Theysaidweshouldstaywithourcurrentplanbutshewouldnegotiateonourbehalftogettheplanandpricingthatworkedforus.NowweunderstandourplanandCoriwithPLAisourBroker.”
Access to 20+ leading insurers and benefits providers.
PLA can review options across a broad market. The appropriate fit depends on the business, plan, eligibility and current market conditions.
Practical guidance for better benefits decisions.
Explore practical guidance on renewal, plan design and changing advisors.
Questions businesses ask about managing employee benefits.
What does an active benefits advisor review during the year?
PLA starts with the business, workforce, current plan, administration and objectives. During the year, the review can include plan questions and changes, available claims or experience information where relevant, plan structure, employee classes, cost/coverage tradeoffs and relevant alternatives. PLA's group model includes mid-year and pre-renewal review points, with timing adjusted to the group's needs and size.
Does changing advisors require changing the insurer or plan?
Not necessarily. An advisor change can be handled through an Advisor of Record process, and the current insurer or plan does not automatically need to change. The exact transition, timing and continuity depend on the specific situation. See Switching Advisors for the full process.
Can a benefits review guarantee lower premiums?
No. A review is intended to provide better context around the plan, renewal terms, assumptions, structure and relevant alternatives. It does not guarantee lower premiums, stable renewal costs or a cheaper option in every case.
How are employees supported after implementation?
Depending on the engagement, PLA can support employees through plain-language plan explanation, onboarding, updates, Q&A and other education formats. Recurring employee and administrator questions can also be brought back into ongoing plan support.
Start with a benefits conversation.
Start with a conversation about your business, current plan and what you would like to review. PLA will follow up with appointment options for a discovery conversation.