Cowden takes a pro-active approach to the renewal process by completing a pre-renewal projection so that there are no surprises at the renewal and to address any necessary plan changes that may be appropriate. Our process focuses on potential cost containment strategies and innovative approaches including disease and utilization management, plan design modification, funding and contribution strategies. Within this process we will utilize a variety benchmarking surveys and resources, to assist in assessing the market competitiveness of your Company’s plan offerings. Our process provides employers with the knowledge as to how their plan compares to that of their peers based industry, geographic region and demographic make-up. The data provides the basis for justifiable plan and cost changes that may need to occur. Upon receipt of the vendor renewal, we review the calculations for accuracy and conduct negotiations on the client’s behalf. We will assist in the establishment of the budget and COBRA rates, as well as modify the contribution strategy as necessary.