What is a level-funded health plan?
A level-funded health plan is a hybrid between a fully insured and self-funded plan. Employers make predictable monthly payments ...
Can a benefits broker help lower our health insurance costs?
A knowledgeable benefits broker can identify cost-saving opportunities through carrier comparisons, plan design changes, funding alternatives, and renewal negotiations. ...
What does an employee benefits broker do?
An employee benefits broker helps employers design, implement, and manage employee benefit programs. Services often include plan comparisons, renewal ...
When is the best time of year to review our benefits plan?
Employers should begin reviewing their benefits approximately 90 to 120 days before their renewal date. This provides enough time ...
How does working with an independent benefits advisor save money?
An independent benefits advisor can compare multiple carriers and plan options rather than being limited to one insurance company. ...
What is the difference between fully insured and level-funded plans?
A fully insured plan involves paying a fixed monthly premium to an insurance carrier that assumes all claims risk. ...
How often should employers shop for employee benefits?
Most employers should review their employee benefits annually. Even if a company doesn't change carriers every year, reviewing available ...
