How to choose the right fee-based benefits firm for your organization: The Ultimate Buyer's Guide
Every single employer I've ever spoken with says they want to reduce their company's health care costs.
So, the question “is how you are actually going to do that?”
Here's the deal: 81% of employers use a benefits firm to help them maximize the return on their benefits investment, but the problem is that benefits brokers work for insurance companies and vendors — not employers. This is why brokers make more money when your costs go up — not down.
Therefore, they have no incentive to do the number one thing employers expect them to do—maximizing the return on their benefits investment.
That said, if you want to get better results, you have to work with a benefits firm that is financially aligned with you and can help you achieve your business objectives.
The challenge is that most employers don’t have clear criteria for evaluating benefits firms. In other words, they don’t really know what to look for and what questions to ask.
To solve this problem, Health Compass created the “Ultimate Buyer’s Guide,” which teaches you everything you need to know about selecting the right fee-based benefits firm for your organization.
In fact, the Validation Institute—the organization that issues the highest certification in the benefits industry—likes it so much that it just endorsed it as a resource for employers.
Without the support of the right benefits firm, companies have no chance of maximizing their benefits investment or fulfilling their fiduciary responsibilities now mandated by the Consolidated Appropriations Act, which went into effect on January 1st, 2022.
And just to give you an idea of the kind of impact selecting the right benefits firm can have, the average employer in the United States wastes about $2,500 per employee per year on health plans that pay for care employees never consume and overpay for the care they do consume.
In other words, by working with the right benefits firm, companies can often add more to their bottom line than their top salespeople — just by eliminating waste and improving their benefits program. Go to www.healthcompassconsulting.com to grab your free copy of the Ultimate Buyer’s Guide today.