Small-group health insurance plans renew once a year. Here's what benefits admins can expect at renewal and how to choose your company's renewal package in Gusto.
Employees: head to this article for steps to enroll in or waive coverage during open enrollment. To figure out when your open enrollment is, click the section below to find your benefits renewal date.
Want to know when your company will go through open enrollment? If Gusto’s your broker or you use the broker integration, follow the steps below to find your benefit renewal dates.
Check out the renewal timeline to learn more about what to expect in the lead-up to open enrollment. Gusto emails benefit admins when it’s time to sign in and choose which plans to offer your team at open enrollment.
If you’re not enrolled in coverage, or if another broker manages your company’s benefits, ask your employer for your company’s next renewal date.
If you’re enrolled in your company’s benefits through Gusto:
Gusto emails all eligible employees when it’s time to sign in and make your selections in Gusto.
15 weeks before your renewal date
6-8 weeks before your renewal date
4-8 weeks before your renewal date
~1 week after you choose your company’s renewal package
After open enrollment
2-4 weeks after open enrollment
Once the insurance carriers send us your renewal info and our licensed advisors prepare your options, we email benefits admins when it’s time to start choosing your company’s renewal plans in Gusto.
Here’s what you can do directly in Gusto:
Before you start, here are some FAQs to consider:
Insurance carriers update their plans and rates every year. The “Review what’s changing” page shows you:
How to dive into the details:
Once you review the changes, here’s how to proceed:
On the “Pick an alternate package” screen, your advisor has recommended a number of plan packages for your team based on your survey responses, company demographics, and carrier requirements.
How to review the plans:
Understand the numbers:
Proceed to the next screen, where you can edit the company contribution and download a cost breakdown:
On the “Edit plan settings and review costs” screen, you can set the new hire waiting period and try different company contributions for the package you selected on the previous screen.
Pick the new hire waiting period:
Set the company contribution:
View a cost breakdown:
Proceed to the next screen:
Once you’ve selected the new hire waiting period and company contribution, scroll to the bottom of the page and click Continue. This saves your progress and returns you to the renewal overview screen.
The “Benefits renewal overview” screen lists each renewing line of coverage and any other benefits your company’s eligible to add. To change your selections for any benefit, click edit.
Renew other lines of coverage:
Add new benefits:
Renew, add, or change tax advantaged accounts:
Download a cost breakdown:
Once you’ve selected plan offerings for each type of renewing benefit, scroll to the bottom of the “Benefits renewal overview” screen and click Sign forms.
Confirm and submit your renewal package
If you're within 105 days of your company's benefits renewal date, our team of licensed benefits advisors is here to assist you. Here are a few ways to get in touch: