Healthcare costs are putting more pressure on employers than they have in years.

Medical cost trend is expected to reach its highest level in 17 years, driven by factors including prescription drug costs, increased utilization of behavioral health services, provider reimbursement pressure, and escalating out-of-network payment disputes.

Given these pressures, it’s easy to see why containing healthcare costs is a top priority for employers. Sequoia’s benefits benchmarking data shows that strategies to lower or mitigate rising healthcare costs are a priority for 70% of mid-sized companies and 82% of enterprise companies.

There’s a lot in this environment companies can’t control. But they can make sure they have the right information, options, and guidance to make informed decisions about what they can control.

Our job is to help our clients move through renewal with greater clarity, more visibility into their options, and a process that makes difficult benefits decisions easier to manage.

The Renewal Process Shouldn’t Make Hard Decisions Harder

The benefits decisions companies face have changed. But for many employers, the process for making them hasn’t kept pace.

Benefits renewal still runs on spreadsheets, email chains, static presentations, and meeting after meeting. That means a new scenario creates another version, numbers get out of sync, and context gets lost between emails and handoffs. HR and finance wait for updated analysis while the window to make a decision gets smaller.

It’s tedious, opaque, and slow at a time when companies need more visibility and more time to weigh their options.

HR and finance leaders deserve to know what drove their costs, what options were on the table, and that their advisor was working ahead of the problem, not just presenting results after the fact. For most companies, that’s not the renewal they get.

We believe clients should expect more from their broker and from the renewal experience. That’s why we rebuilt the process.

Introducing Benefits Renewal on Sequoia OS

Benefits Renewal on Sequoia OS is a connected, advisor-led experience built for the benefits decisions companies face now.

Instead of moving between spreadsheets, email, and disconnected systems, clients and their Sequoia team work through renewal together on one platform. From going to market and comparing options to modeling costs, making final decisions, and supporting employees, the process and the guidance behind it stay connected.

Improved cost clarity

Benefits decisions carry financial consequences across the business. Benefits Renewal on Sequoia OS gives HR and finance a shared view of what was quoted, what each option costs, and how different scenarios affect the tradeoffs.

Compare quotes, model scenarios, and understand the rationale behind every recommendation, so you can make decisions with a clearer picture of the financial impact.

Faster renewal decisions

Weeks shouldn’t be lost to fragmented back-and-forth.

By bringing quotes, rates, plan options, cost modeling, and final decisions into one connected workflow, Benefits Renewal on Sequoia OS helps turn weeks of back-and-forth into days and gives teams more time to evaluate their options before the decision window closes.

AI-enhanced employee support

Once renewal decisions are made, employees need to understand what those decisions mean for their coverage.

Finalized plan data in Sequoia OS powers Benefits Guides and AI Assist, giving employees accurate, personalized benefits education and answers about their specific coverage while reducing repetitive questions for HR.

Expert guidance throughout renewal

Technology can make renewal easier, but benefits decisions still require experience and judgment.

Your Sequoia team works alongside you throughout the process, bringing market expertise and strategic guidance to help shape a renewal that fits your company’s goals, cost priorities, and employee needs.

Better Benefits Decisions Extend Beyond Renewal

Benefits Renewal on Sequoia OS changes what HR, finance, and employees can expect from their benefits program.

  • HR teams spend less time coordinating manual work and more time leading strategic conversations.
  • Finance leaders gain visibility into costs, clearer scenario planning, and decisions they can defend.
  • Employees receive accurate, consistent information about the benefits available to them, strengthening trust in one of the company’s most visible investments in its people.

Why Sequoia

We built Benefits Renewal on Sequoia OS from a deep understanding of every part of the renewal process.

For more than 25 years, Sequoia has partnered with investor-backed companies through some of the most challenging benefits decisions they’ll make. That experience informed every part of Benefits Renewal on Sequoia OS.

We built the platform ourselves to connect the entire benefits renewal experience, bringing technology and deep advisory expertise together in one place.

Built for the Decisions Companies Face Now

Benefits Renewal on Sequoia OS is now available for companies looking for greater cost clarity, faster renewal decisions, and better support for employees.

Connect with a Sequoia advisor to see how Benefits Renewal on Sequoia OS can transform your next renewal.

Jonathan Moore — Jonathan is the VP, Product Marketing for Sequoia. He explores the complex challenges facing companies today through research to inform Sequoia’s tech-enabled advisory approach and go-to-market strategy. He has spent his career within the Healthcare and HR Technology industries. In his free time, Jonathan enjoys good coffee, Danish design, and photography.