Celebrate Insurance Awareness Day on June 28th 🎉

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Published: 06.04.2026

What is National Insurance Awareness Day?

Each year on June 28, National Insurance Awareness Day serves as a reminder to review your insurance coverage and make sure it still aligns with your current needs.

For employers, mid-year is the perfect time to take a closer look at your health insurance and employee benefits offerings, identify areas for improvement, and make updates before open enrollment planning begins.

Rather than waiting until renewal is around the corner, employers can use this point in the year to assess employee needs, review plan performance, evaluate costs, and consider whether their current benefits strategy still supports business goals. A mid-year review can also make open enrollment more organized and effective by giving employers more time to gather feedback, explore options, and plan employee communications.

5 reasons why National Insurance Awareness Day is a smart time to review health insurance and employee benefits.

Employee Satisfaction

Employee benefits play a major role in how supported employees feel at work. National Insurance Awareness Day is a good reminder to ask whether your current offerings still match what your workforce values most. A mid-year benefits review gives employers time to gather feedback through surveys, HR conversations, or manager check-ins and uncover where employees may be confused, underwhelmed, or looking for more support.

This kind of review can reveal whether employees understand the benefits available to them, whether certain offerings are underused, and whether there are gaps in areas such as supplemental benefits, mental health support, or care navigation. When benefits better reflect employee needs, organizations can improve satisfaction, strengthen engagement, and support overall wellbeing.

Stay Competitive

Benefits remain an important part of recruiting and retention. Reviewing your offerings each year helps you understand whether your plan design, employer contributions, and supplemental benefits still compare well within your industry and labor market.

Using the middle of the year as a checkpoint gives employers more time to evaluate how their benefits package supports hiring goals, retention efforts, and employee expectations. It also helps avoid rushed decisions later in the year by giving leadership time to review benchmarking data and discuss possible adjustments before renewal season becomes more time-sensitive.

Stay Ahead of the Trends

The employee benefits landscape continues to evolve, and employers that review their plans regularly are in a better position to keep pace with changing needs and new solutions. National Insurance Awareness Day is a useful prompt to revisit whether your current strategy still makes sense or whether it is time to explore additional options.

Beyond traditional medical plans, employers may want to evaluate alternatives such as Self-Funded Plans, Health Reimbursement Arrangements (HRAs), Professional Employer Organizations (PEOs), and Individual Coverage Health Reimbursement Arrangements (ICHRAs). Mid-year is also a helpful time to consider trends such as telehealth utilization, mental health support, employee navigation tools, and other enhancements that can improve the overall value of a benefits package.

By staying informed about new strategies and evolving benefit options, employers can make more confident decisions ahead of renewal while balancing employee needs with business priorities.

Learn about 7 Overlooked and Underutilized & Overlooked Employee Benefits.

Controlling Costs

A mid-year review can also help employers better understand whether their benefits dollars are being spent effectively. Reviewing claims patterns, utilization trends, and the overall performance of plan offerings can uncover where costs may be rising and where programs may not be delivering enough value.

For example, employers may identify high-cost conditions, specialty prescription drug trends, or underused benefits that deserve closer attention. This review can also highlight opportunities to improve employee communication so that workers better understand available resources and use benefits more effectively. With more time before renewal, employers can evaluate changes thoughtfully instead of making last-minute adjustments under deadline pressure.

Compliance and Risk Management

Employee benefits come with ongoing responsibilities, and regular plan reviews can help employers stay aware of changing requirements and administrative obligations. Mid-year is a useful time to confirm that your benefits program, documentation, and processes still align with current rules and your organization’s structure.

Programs and requirements related to COBRA, FMLA, ERISA, and Medicare can be complex and may be affected by factors such as workforce changes or business growth. Taking time to review these areas before open enrollment can help employers spot issues earlier, reduce risk, and prepare for a smoother renewal process.

How do health insurance and employee benefits brokers help their employer clients understand their options?

Reviewing employee benefits plans regularly can help employers stay competitive, manage costs, support employee satisfaction, and prepare more effectively for open enrollment. It can also be a time-intensive process, especially when evaluating plan options, claims trends, employee feedback, and compliance responsibilities all at once.

That is where a knowledgeable employee benefits broker can add value. Brokers help employers understand available options, evaluate potential improvements, and align plan decisions with company goals and budget considerations. National Insurance Awareness Day can be a helpful reminder to start that conversation and begin a mid-year review while there is still time to make informed decisions before renewal.

This National Insurance Awareness Day, take the time to revisit, review and reinvest in your employee benefits offerings.

National Insurance Awareness Day is more than a reminder to review coverage. For employers, it is also a timely opportunity to take stock of health insurance and employee benefits offerings at mid-year and prepare for the months ahead. By reviewing your plans now, gathering employee feedback, and identifying areas for improvement, you can approach open enrollment with greater clarity and confidence.

For additional guidance, employers may also find it helpful to review Savoy’s Mid-Year Employee Benefits Review Checklist for Employers as part of their planning process.