We’ve successfully identified two types of brokers in the benefits industry and created a short video to explain things a little further. Once the video comes to an end you will be able to easily determine if your company is with the majority, or the minority. Making this determination could be exactly what you need to save money, and gain the extra support your HR Department has been hoping for.
So, who are you working with?
The 75%
At Broad Reach Benefits we focus on employers with 30 to 500 benefit eligible employees. If you’re like most employers in that size group your benefit costs are increasing by double-digits, the organization you’ve entrusted to manage your benefits isn’t providing you with the metrics needed to properly manage your benefit plans from year to year, Health Care Reform is a blur, you’re understaffed and your HR people can never get ahead because they are always dealing with the daily administration of your employee benefits.
If you’re like most employers your benefit costs are increasing by double-digits! And, the organization you’ve entrusted to manage your benefits isn’t providing you with the metrics needed to properly manage your benefit plans from year to year.
Increasing employee benefits costs are merely the symptom. Simply shopping the market each year is not going to address the underlying issues that are specific to your employee population and driving your increasing costs. Unfortunately, shopping the market is the only thing the vast majority of benefits brokers, payroll companies and these new “technology” companies do when they handle your company’s employees benefits.
The 25%
We’re employee benefit specialists, not a big box brokerage firm, or payroll company with a sales force peddling policies. Instead of just shopping the market and providing you with a spreadsheet of options we analyze your plans using underwriting, actuarial analysis and data mining to understand what is driving increased costs within your population. Armed with this knowledge we’ll provide you with a solutions-based approach that controls costs, lowers the trajectory of future rate increases, mitigates risk to your organization, enhances and supports your management and human resource team and provides for the needs of your employees and their families. You’ll see reduced expenses and a streamlined employee benefits process that allows you to focus on other strategic issues instead of compliance and employee benefits.
Who should you be working with?
You owe it to yourself, your employees and to your bottom line to experience what it’s like working with one of the 25% that have your best interest in mind. After all, we’re working with people, not just numbers.