9 reasons a good benefit broker is more crucial than ever
June 8, 2015 12:07 PM
Overview:
Many good employers want to provide a strong benefit package, and they want to do it in a way that complies with legal requirements. Yet, even an employer trying hard to do everything right can still face severe penalties because its so complicated to understand whats required, says HR solutions firm Infinisource, adding that this is where the assistance of a broker can be more crucial than ever. Why do employers need a broker? Here are nine compelling reasons, according to the firm:
1) A broker is trained to understand business successes, challenges and culture and uses that understanding to help employers make the best decisions.
2) A broker can help employers review operational methods and goals.
3) A broker knows how to examine an employers processes to ensure compliance with applicable laws.
4) A broker can help evaluate solutions so plan design is competitive and affordable to attract and retain top employees.
5) A broker is trained to conduct a deep review of benefit offerings, and to provide options from several carriers with differing plan designs so employers make informed decisions.
6) A broker will assist in making policies and procedures to manage the benefits program.
7) A broker can help with open enrollment, employee meetings and compliance issues.
8) A broker can provide regular communications to review an employers offerings, advise on changes and determine any issues.
