Renewals

Understanding Business Select Renewals

Business Select uses a pooled renewal model. Rather than basing renewal adjustments on the experience of an individual employer, renewal decisions are based on the overall performance of the Business Select block.

As a result:

• Individual claims experience does not directly determine renewal pricing.

• All participating groups receive the same renewal adjustment.

• Risk is shared across the broader Business Select pool.

• Pricing is designed to be more stable and predictable over time.

Renewal Schedule

All Business Select plans share a common annual renewal date, with eligible groups renewing each year on March 1.

December 2026 - November 2027

The first block renewal for Business Select is set for March 1, 2028. All new business effective prior to December 1, 2027, will renew on March 1, 2028.

After November 2027

New business with coverage that comes into effect on December 1, January 1, or February 1, will not renew until the following March. Each renewal thereafter will follow the annual cadence of March 1.

Plans sold with an effective date of March through to November, will have their firstrenewal alongside the remainder of the block on March 1.

Important Considerations

• Renewal adjustments are based on the overall performance of the Business Select block.

• A group’s unique claims experience does not directly impact it’s renewal.

• All Business Select plans renew annually on March 1.